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Grain Express 7/28/22
Posted: July 28, 2022, 9:34 a.m.
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Breaking News
This morning's GDP report showed a decline of .9% in the second quarter, the second straight decline. This fits the definition of a recession.
Updated Drought Monitor
Weekly Export Sales Snapshot
Corn
Weekly Export Sales: Net sales of 150,300 MT for 2021/2022 were up noticeably from the previous week and from the prior 4-week average. Net sales of 193,700 MT were reported for 2022/2023.
Soybeans
Weekly Export Sales: Net sales reductions of 58,600 MT for 2021/2022. Net sales of 748,800 MT were reported for 2022/2023.
Wheat
Weekly Export Sales: Net sales of 412,000 metric tons (MT) for 2022/2023 were down 19 percent from the previous week and 29 percent from the prior 4-week average.
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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.
First Two Weeks Free! In case you haven't already, you can sign up for a complimentary 2-week trial of our complete research packet, Blue Line Express. Free Trial