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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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.