31 July 2020
Corn and soybean prices were under pressure this week from improving crop conditions. Weather outlooks were favorable. China made additional large purchases. Soy oil gained on news of large use for biodiesel in May.
24 July 2020
Chinese buying of soybeans and corn provides some support, whereas favorable crop conditions are bearish. Wheat gaining value from export demand for soft red winter.
17 July 2020
Major factors moving crop prices over the past week included the actual and forecast weather, Chinese buying of major amounts of corn and soybeans, the monthly NOPA crush report, and the Trump Administrations' rhetoric against China.
30 July 2020
Corn and soybean yield prospects appeared to be very strong as crops headed into their reproductive stages. Wheat harvesting is well along with moderately favorable prospects for yields. Cotton production is about average. All crops are impacted by the COVID-19 pandemic. Global supplies are abundant. China is buying US agricultural products under the Phase One trade agreement. We lay out our latest supply/demand forecasts and views for planted acres out to 2024/25.
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