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Gary's Blog 07/07/26 12:27:18 PM
7-6-26 Crop ratings G/E %
TW LW OH
Corn 67 67 55
Beans 64 65 54
7-7-26
The market held on to yesterday’s gains and pushed higher around midday. China demand for US beans was likely the main driver with weather not far behind. Forecasts are suggesting a hot/dry July in the central US which isn’t ideal for pollinating corn. Trendline yields are needed at current demand levels for both corn/beans. Traders don’t want to be caught short if yield potential starts to slide due to unfavorable weather conditions. Wheat harvest is 90% complete in the area and should finish up by the rain on Friday. Yields were solid but not as good as the past 2 years.
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