Grain Express 7/26/22
Posted: July 26, 2022, 8:12 a.m.
Corn (September)
Fundamentals: Renewed headline risk from the Black Sea, hot and dry weather coming back into the forecast, and declining crop ratings have put some premium back into the market over the last 24 hours. Good/Excellent ratings are at 61%, 2% below what the trade was looking for. 62% of the crop is silking and 13% is in dough stage.
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Soybeans (Soybeans)
Fundamentals: Yesterday’s weekly crop progress report showed Good/Excellent conditions at 59%, 1% below expectations and last week. This is still 1% better than where we were for the same week last year. 64% of the crop is blooming and 26% is setting pods. Yesterday’s weekly export inspections came in at 388,212 metric tons, in line with estimates.
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Wheat (September)
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Futures trading involves a substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
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