Tuesday July 21, 2020

• Steady and improving crop conditions pressuring markets this morning as favorable weather trend is set to continue limiting any major threats of crop failure
• U.S. National crop conditions
  • Corn remained unchanged at 69% good/excellent – still above 5 year average of 67% g/e
  • Soybeans increased their ratings to 69% g/e – average is 63% g/e
  • Winter wheat harvest now 74% complete 
• Sales to China continue to come in for the 2020-21 marketing year for soybeans and corn
• Harvest has started with Snobelen Farms – moisture’s so far coming in between 13 – 16%, test weights have been mostly grade 2