Thursday August 18, 2022

  • Markets mixed this morning as wheat continues to be the wet blanket on the market 
  • Cooler, temps with ongoing moisture weighing on grain markets 
  • Trade awaiting results from the Pro Farmer crop tour that will be released next week 
  • Yesterday Iraq canceled a wheat sale from the U.S. which contributed to the wheat market turning red mid morning 
  • Weekly U.S. export sales 
    • Strong export sales for new crop this week – soybeans came in more than double the higher end of expectations, trending with the seasonal increase typically seen at this point in the year