Crop futures firmed Monday

Corn futures followed the soy markets higher. The prospect of a huge fall crop has badly depressed corn futures, but prices rebounded in concert with the soy complex Monday. Talk of surging export demand for soybeans and dryer August weather is apparently supporting the markets. Traders were probably disappointed by the Export Inspections result, but futures acted well anyway. September corn gained 4.75 cents to $3.5775/bushel at their Monday close, while December rose 5.0 cents to $3.7675.