Entomologists are reporting higher than usual numbers of certain caterpillars, namely western bean cutworms in the North and bollworms in the South.
World & Policy
Oil futures settled shallowly mixed Tuesday afternoon, with crude posting a better than three-month low on growing concerns about excess supply while RBOB and ULSD futures reversed higher from overnight losses ahead of Tuesday afternoon's expiration of August products options contracts.
A 77-year-old Montana landowner convicted of Clean Water Act violations was sentenced to federal prison Wednesday. Meanwhile, a former U.S. Army Corps of Engineers wetlands scientist who conducted his own analysis of the land said he could find no evidence any waters of the U.S. were harmed...
What DTN Is Watching
Light to moderate rain is in store for the southeastern Plains through Ohio Valley Tuesday. We'll also see light rain in the far Northern Plains and northern Midwest. Other primary U.S. and Canadian Prairies crop regions will be dry. Temperatures will be seasonal in the Midwest, Northern Plains, and Prairies, and hot elsewhere; however, heat will not be as extreme as last week. This combination generally favors crops, but recent dryness in portions of the Plains and far eastern Midwest is stressful.Markets
Grain traders should continue to trade weather forecasts and Monday afternoon's NASS crop condition numbers. However, some commercial buying was seen in the bean complex overnight. Financial markets will pay close attention as the FOMC's 2-day July meeting gets under way while a number of companies, including McDonalds, are set to release quarterly earnings.