Grain Express 8/25/22
Posted: Aug. 25, 2022, 8:11 a.m.
Fundamental Spotlight
Crop Tour Findings
The Pro Farmer Crop Tour has been front and center this week as we get a better idea of how the U.S. crop is looking. Sure, we can read about spots here and there, but there is risk of bias in that reporting. As a member of this year's Tour, we can say that the fields and samples are selected at random, and so far, those samples are missing the WOW factor that we saw last year. Does that mean it's a terrible crop? No, it's a decent crop when looking at 3-year averages. But, when looking at this year VS last year, it may appear to be worse than it is.
Weekly Export Sales
Delayed on the USDA site. We will send this out once the USDA posts the information.
Flash Sales this Week
August 24, 2022 Private exporters reported sales of 517,000 metric tons of soybeans for delivery to China during the 2022/2023 marketing year.
August 23, 2022: Private exporters reported sales of 110,000 metric tons of soybeans for delivery to China during the 2022/2023 marketing year.
The Technical Landscape
Corn
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Soybeans
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Wheat
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