GRAINS LOWER WITH IMPROVEMENT TO CROPS

Written By Sebastian Frost

AUDIO COMMENTARY

  • Beans were higher at one point overnight despite improvement in conditions

  • Is today that flush out day for corn? Took out July lows

  • Funds continue to be in control

  • Weather is very hot and dry, remains supportive

  • Going to be exporting less out of Ukraine

  • Will US dollar lead to coverage for end users & exporters?

  • The demand story

  • Scroll for corn chart and next support level*

Listen to today’s audio below

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CORN TAKES OUT JULY LOW

We took out that July low of $4.81 we had been talking about us having a good chance to test and take out. We could still find support here, but if we don’t we might have to look to the $4.60 range before we find some major support and bounce.

Here is the Characters of Grain Marketing hand out we talked about in today’s audio.

Sebastian Frost
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CAN DEMAND & WEATHER LEAD TO A BOUNCE?
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BEANS RALLY BUT CONDITIONS IMPROVE & WHEAT DISAPPOINTS