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