For the latest weather on Grains go here:
Corn rating down 1%, 75% good/excellent
Beans unch, 71% good/excellent.
Spring Wheat 80% +3%
Soybeans: Wider perspective: Currently just above 10 year lows from last week!!!!!
Soybeans 3 months below
Soybeans 1 year chart below
Soybeans 5 years below
Soybeans10years-Wow, look at that high from the drought of 2012...and demand, currently at 10 year lows!
Corn historical perspective:
Who remembers $8 corn not so long(5 years) ago
Is the bottom in? If we have heat fill(extended heat from late July thru August), it is. If we turn cooler later this month, maybe not.
3 month below
1 year below
5 year below
USDA report out on Thursday, July 12th.
Am guessing that the USDA will have to INCREASE production because of crop ratings and maybe reduce exports?
CZ at 357 is the new low and we went back down there early this evening and are just above it now. This is 70c below the highs from around 6 weeks ago.
Beans are around 863 and around 10c above their lows and around 1.97 below their highs from 6 weeks ago.