Friday September 2, 2022

  • Markets taking back some of their losses from yesterday afternoon
  • Wheat led the market lower yesterday after a massive purchase from Egypt of Russian wheat, reminding the market that there is lots of wheat available globally and much cheaper than American supplies
  • StoneX released their yield estimates yesterday afternoon
    • Corn 173.2 bu/ac – last USDA was 176.0 bu/ac
    • Soybeans 51.8 bu/ac – last USDAA was 51.9 bu/ac