Grain Express 8/11/22
Posted: Aug. 11, 2022, 8:02 a.m.
Fundamental Snapshot
WASDE Estimates
Reuters has complied estimates for Friday’s WASDE report. The average analyst estimate for corn yield is 175.9, with production at 14.392. The average estimate for soybean yield is 51.1, with production at 4.481. Over the years, the August report has been known to offer big surprises to the market.
Weekly Export Sales
Corn: Net sales of 191,800 MT for 2021/2022 were up noticeably from the previous week and from the prior 4-week average. Net sales of 191,300 MT for 2022/2023 were reported.
Soybeans: Net sales reductions of 66,700 MT for 2021/2022. Net sales of 477,200 MT for 2022/2023.
Wheat: Net sales of 359,200 metric tons (MT) for 2022/2023 were up 44 percent from the previous week, but down 34 percent from the prior 4-week average.
Weather Outlook
The Technical Landscape
Corn (September)
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Soybeans (November)
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Wheat (December)
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