Grain Express 7/26/22
Posted: July 26, 2022, 8:12 a.m.
Corn (September)
Fundamentals: Renewed headline risk from the Black Sea, hot and dry weather coming back into the forecast, and declining crop ratings have put some premium back into the market over the last 24 hours. Good/Excellent ratings are at 61%, 2% below what the trade was looking for. 62% of the crop is silking and 13% is in dough stage.
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Soybeans (Soybeans)
Fundamentals: Yesterday’s weekly crop progress report showed Good/Excellent conditions at 59%, 1% below expectations and last week. This is still 1% better than where we were for the same week last year. 64% of the crop is blooming and 26% is setting pods. Yesterday’s weekly export inspections came in at 388,212 metric tons, in line with estimates.
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Wheat (September)
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