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Gary's Blog 07/27/26 1:07:50 PM
7-20-26 Crop ratings G/E %
TW LW OH
Corn 67 68 62
Beans 66 65 63
7-27-26
In a classic weekend weather market fashion, the trade opened sharply lower to start the week. A shift in the forecast had added rain for IL/IA/WI which triggered sell signals for the algos. Crude also fell hard on hope that peace talks with Iran will resume. Crop ratings should decline tonight at 4pm to reflect last week’s heat out west. Was today just an overreaction to change in the weather or will it be a deeper correction that last more than a few trading sessions? That will be key for price direction into August.
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