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