August weather concerns support grains. July 29, 2022

A huge win was noted for soybeans this week. The dominant November gained 152 3/4 cent from last Friday's close as US weather forecasts were a clear driver. Bulls will note this contract has almost recovered the 61.8% mark of the whole June/July price decline, 1471 1/2. Additional support came from concerns over Argentine soy product exports and hopes for US biofuel legislation.

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Allendale, Inc.
4506 Prime Parkway McHenry, IL 60050

1.800.2MARKET | 1.800.551.4626
Local: 815.578.6150 | Fax: 815.363.5511

service@allendale-inc.com

©2019 Allendale, Inc.
This communication is intended as a solicitation for business in the U.S. Please see our full disclaimer.
Site designed and developed by Turnkey Digital.