Corn and soybean prices also ticked higher despite ample U.S. supplies and planting progress in the Midwest. Slight higher prices for the crops were underpinned by reports that the northern Midwest could see some drought conditions this summer. "When the new forecasts came out it pushed things higher, there was really nothing to get this market shook up." Corn prices notched slight gains for the third day in a row despite planting progress being made in the heart of the Corn Belt, which typically pressures prices. Light buying by end users enticed by low prices supported the market. Corn futures added 1/4 cent, or 0.1%, to $3.76 1/4.
underpinned