By: NATHAN STUEDLE
Closing Grain Market Summary
Grain futures posted solid gains Monday, with corn, soybeans and wheat all finishing higher. Corn futures rallied on bargain buying and short covering, while soybeans also posted gains as traders continued to monitor August weather across the Midwest. Both Chicago and Kansas City wheat futures moved sharply higher, supported by technical buying and ongoing concerns over global wheat supplies. As the market moves deeper into August, traders remain focused on crop conditions, weather forecasts and next week’s USDA supply and demand reports, which could provide fresh direction for grain prices.