Thursday August 4, 2022

Markets attempting a recovery again this morning, after yesterdays failed attempt – beans being the leader this morning
Long term forecast remains hot and dry despite recent scattered rains
Trade is starting to question what the USDA will report for yield in next weeks report – expecting a slight decline as a reflection of the overall dry summer
Despite recent activity, it is going to take a long time for Ukrainian exports to recover to pre-war levels
Export sales this week were within expectations but on the disappointing side of the range