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©Debra L Ferguson Stock Images The cotton market is higher Tuesday morning as high heat and dry conditions are plaguing the Southeast and Mid-Atlantic states. For the past few days the Georgia thermometer has registered above 100 degrees, with literally no rain in sight. This coming weekend has rain chances at only 30% for Friday and Saturday, but the temperatures will remain well into the upper nineties. The flip-side of the weather is Texas. It continues to receive copious amount of rain.

Young corn field. Photo: University of Illinois 6:00 a.m. CME Globex: July corn is up 10 1/2 cents, July soybeans are up 14 1/2 cents, and July K.C. wheat is up 19 1/2 cents. CME Globex Recap: Global equity markets are mixed to weaker overnight following a generally positive showing while the United States was on holiday.

With traders stepping back into the complex following the long holiday weekend, additional volatility is likely given the wide hog market swings late last week.