Friday August 12, 2022

• USDA Report out today at noon
• Chances for precipitation through the Midwest have slowed the rally due to dry conditions that has been supporting commodities prices this week
• Main numbers to watch for in todays report
  • Yield – expecting to see a decline in both corn and soybeans
  • Planted acreage – they have re-surveyed the Dakotas and Minnesota due to their delayed planting
  • Changes to European production – expecting to see lower corn numbers due to the hot dry summer they have experienced