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MARKET COMMENTARY

Morning Comments July 31, 2018

Tuesday, July 31, 2018, 8:07 AM
Submitted by: Landus Cooperative


Opening Calls:

Corn up 4 cents

Soybeans up 8 cents

 

Good morning!

 

Grains trading higher this morning with corn up 4 cents and soybeans 8 cents higher. Wheat also continues to rally and is up 8 cents so far this morning. Tightened wheat harvest yields for the EU and Russia are becoming a reality to the market with conditions looking dry to the south in the U.S. as well. Weather continues to support corn and beans with the corn belt seeing warmer temps and fewer chances of rain. Yesterday’s crop progress report showed corn and bean good/excellent ratings unchanged for the week.

 

Have a good day!

 

 

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