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