Friday August 5, 2022

• Markets starting out on a lower note after impressive gains yesterday lead by soybeans
• Forecasts continue to lean hot and dry – with just enough scattered precipitation to keep grain markets satisfied – as we have learned in recent years “just enough” rains can still provide good – excellent crops 
• Ships continue to trickle out of the Ukraine with so far no Russian interference 
• U.S. Ag exports for the month of June came in higher than expected for both corn and soybeans 
• Concern over China-U.S.-Taiwan tensions remain in the headlines despite a soybean sale made from U.S. to China yesterday