Thursday July 16, 2020

• Wheat stepping off its highs from yesterday, corn and beans focusing on Chinese buying 
• June NOPA soybean crush numbers came in strong at 167.3 million bu – ahead of estimates and a new record for the month of June 
• Weekly export numbers 
  • Corn came in strong, 5 times more than last weeks report
  • Soybeans came in on the lower end of expectations but still higher than same week last year
  • Wheat had strong exports more than doubling last weeks and coming in above expected range 
• Rains remain scattered in the Midwest with chances for rain continuing through to early next week