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