Thursday August 11, 2022

  • The move higher continues again today with beans leading the gains this morning 
  • Biggest driver of the market this week, declining crop conditions coupled with the forecast turning dryer while also expecting to see a decline in yield estimates by the USDA tomorrow 
  • Weekly export sales from U.S. all within range this week 
  • We are entering the seasonal rise in export sales of both corn and beans as South American supplied typically become scarce, which is expected to continue to support those markets through the last half of the summer