Friday July 29, 2022

• Up again today with the same story –  Forecast continues to look hot and dry coming into August for the U.S., while over in the Black Sea uncertainty as to, if and when the Ukrainian supplies will hit the global markets place 
• Starting to see the seasonal rise in soybean exports from the U.S. with a rebound to the strongest level in the last 14 weeks
• There is the possibility that the first cargo may leave Ukrainian ports today – but given the one step forward two step back process this has been the market is still skeptical