Summary: Weather is going to be a factor the next few weeks. The U.S. and South American drought stories are expanding while cold weather slowed work in the Grain Belt. For the week, July wheat added 57 cents while the nearby corn contract skyrocketed 59 cents or 10 percent. The soy oil market flourished while the July contract flirted with levels not traded since 2014. July soybeans improved 94 cents. July meal increased $19.40. July cotton expanded by $3.77 per hundredweight.
