Grains balance outside market pressure vs. hopes for light yield declines. August 5, 2022
It almost feels as though this week's -10 cent trade for December corn is a small victory. The August forecast was revised back on Sunday, Pelosi's visit got China excited, crude fell and we have expectations for a sharper interest rate rise next month. Also, corn was unable to muster the energy to fill all of the downside gap that was left from last week.
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