Monday July 20, 2020

  • Crop making rains on tap for the corn belt during pollination taking a chunk out of the corn market this morning
  • China continues to buy U.S. soybeans as Brazilian supplies tighten into the fall 
  • Private analyst Safras & Mercado estimate Brazil’s 2020/21 soybean crop to be up 5% year on year to 131.7 MMT 
  • Despite a steady steam agriculture exports military tensions continue to rise between the U.S. and China