Tuesday July 26, 2022

• Markets up across the board this morning after seeing declining crop ratings as current forecasts remain hot and dry 
• Brazil now 62% completed their safrinha corn harvest 
• The European Union updated their crop yield estimates lower for both corn and beans
  • Corn estimate fell from 125.4 bu/ac to 115.5 bu/ac
  • Wheat down from 85.65 bu/ac to 85.35 bu/ac
• U.S. crop progress and conditions report
  • Corn fell 3% to 61% good/excellent 
  • Soybeans also fell 2% to 59% g/e
  • Winter wheat harvest now 77% completed