With no direct conflict from China, grains stabilize. August 4, 2022
We're not sure how much soybeans were actually concerned over the Pelosi visit or Argentina's fiscal policy changes. But those stories were lightly positive by the end of the day. It's likely this market just wants to get away from the non-weather stories and focus on questions of yield declines. As with corn, we will point out a little concern about leaving the downside gap open.
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