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WATCH: June Crop Production and WASDE ASB Briefing

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Many markets ended up mixed to lower this week, Carah Hart of the Red River Farm Network said on this week's Agweek Market Wrap. Randy Martinson of Martinson Ag Risk Management said a few factors, including massive fund liquidation, weather conditions and pressures from an improved stock market all played a part.
"If realized, the on-and-off-again heat mixed with rain will be bearish, as it will create a greenhouse effect and help push the crop without putting much stress on the plants. Of course, all it would take for this forecast to turn bullish would be for the temps to be just a little warmer than expected or the rain a little less than expected."
Prices of crops used in biofuels have jumped this year, with wheat and corn up by around a quarter, while soybean oil is up by about a fifth.