Grain Express 7/15/22
Posted: July 15, 2022, 7:25 a.m.
Early morning radar has some rain potential popping up over parts of Iowa and Illinois. Precipitation totals, if any are still TBD.
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Corn (September)
Fundamentals: Consolidation continues to be the name of the game, which was actually encouraging yesterday morning when many other commodity markets were full on risk-off. To us, that indicated good underlying near term strength in the market as we inch closer to the weekend.
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Soybeans (August)
Fundamentals: Chinese GDP missed expectations last night, coming in at .4% in the second quarter from a year ago. Analysts were expecting growth at 1%. Retail sales in China rose more than expected, to 3.1%. On deck is U.S. retail sales, 7:30 AM CT. This will likely have an impact on outside markets, which have recently had an impact on money-flow in commodities. Expectations are for .8% month over month.
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Wheat
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