Tuesday July 14, 2020

Slight decline in crop ratings yesterday afternoon boosting the markets a little this morning – however difficult to get too excited based on the weekend rains and favorable forecast ahead
Corn declined for the second week in a row and lost 2% this week to 69% good/excellent – but still is ahead of the average of 68% g/e
Soybeans also slipped this week falling 3 points to 68% g/e – again still better than the 63% g/e average
Winter wheat harvest continues now reaching 68% complete
China reportedly making more U.S. purchase despite rising tensions