Wednesday July 15, 2020

• Trade continues to watch forecasts and exports as the short lived rally at the beginning of the month seems to have lost all support 
• This afternoon we will see Junes NOPA crush numbers 
  • Expecting to see soybean crush at 162.2 million bu – down from May but ahead of June 2019 
• More sales to China made yesterday despite rising tensions 
• China is promising retaliation to the U.S. as Trump officially withdrew Hong Kong’s special business status that allowed more favorable business transactions than those privy to China that had allowed the city to flourish previously