Bargain buying and short covering lifted U.S. corn futures on Monday after the market slid to contract lows on expectations for strong U.S. output, traders said.
Seasonal weakness, rains pressure barley
But imports drop over last two years
Area, stocks reports have little influence
About 50 to 70 per cent of normal precipitation
Weather, supply pressures weigh on grains
Rainfall amounts vary widely
Production up, imports dip
Heat damage reported in some areas
Weather, geopolitical risk provide support