Corn futures are about a penny lower and soybeans a few cents higher as the markets stabilize after recent declines.
Corn did set net contract lows earlier on Thursday. The latest monthly outlook for August dials down the heat for the northern half of the Midwest and has above-normal chances for rain then in Iowa, Missouri, Nebraska and western Illinois.

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Corn futures are about a penny lower and soybeans a few cents higher. (Photo: whyframestudio/Thinkstock)

Farm Futures Senior Editor Bob Burgdorfer comes to Penton Farm Progress with experience as a reporter covering grain markets and other global news with Reuters, Inc. A journalism graduate from Kansas State University, Bob has also worked at daily newspapers and Knight-Ridder as a commodity reporter, covering grains and livestock. He has earned five writing awards for his coverage of Mad Cow Disease, immigration issues and other international breaking news stories.

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