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Gary's Blog 08/04/26 1:24:02 PM
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8-3-26 Crop ratings G/E %
TW LW OH
Corn 61 63 61
Beans 63 63 59
8-4-26
Grain markets were in retreat today while the DOW made new record highs. Traders were quick to erase some weather premiums as crop conditions didn’t fall as far as expected last night. (2% on corn) Yes North Dokata is having some acute problems (37% g/e) but states like IN, IL, and OH are improving. (offsetting and then some) Iowa is fantastic and could likely set a new record. Improving rain chances for the WCB (KS & CO especially) appeared to accelerate the selling. The dog days of summer are here, and crop tours will start soon giving us a better insight into possible yield for the 2026 crop.
8-3-26
Grains opened lower overnight but were able to manage a reversal in the day session. China was busy securing beans on the break while chatter of lower yields being possible also had traders buying today. Weekend rain was spotty but large areas did receive some much-needed moisture. Crop ratings will be released at 4pm today. Fridays CFTC report showed funds 100k+ long in corn/beans but that was as of Tuesday. (There was large liquidation Wed-Fri) Locally we are possibility sitting on potentially record yields as weather conditions are nearly perfect. One or two more rains and 2026 might go down in the history books.
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