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Gary's Blog 07/20/26 12:25:53 PM
7-13-26 Crop ratings G/E %
TW LW OH
Corn 68 67 64
Beans 65 64 63
7-20-26
China has an appetite for US beans which has spurred buying across the complex. Corn demand has also been stellar with whispers that China may also come to the table. Any sort of yield hiccup and carryout levels get tight rather quickly. This has led to short covering and possibly sending funds to the long side of the market. Weather has become critical now that demand shows no signs of slowing down. Forecasts are mixed with some areas getting moisture while others miss out entirely. Temps have moderated somewhat after last weeks record heat wave. Wheat suffered minor losses as trade action is focused more on the Russia/Ukraine situation.
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