Wednesday August 3, 2022

  • Markets attempted a recovery overnight but have been unable to hold on to much gains this morning with all three commodities sitting just on either side of unchanged at the moment
  • Despite bouncing off lows the overall bearish feeling remains in the market place as the U.S. receives timely scattered rains
  • StoneX released their 2022 yield estimates yesterday 
    • Corn 176 bu/ac
    • Soybeans 51.3 bu/ac 
  • Tensions remain heightened between China and the U.S. as a side effect of House Speaker Nany Pelosi’s recent visit to Tiawan