Loading…
HighLine Grain's midsummer commentary says November soybeans held near $13 and December corn rallied above $6 after falling to the lowest since January. USDA's July WASDE left yield estimates unchanged, and speculators cut bullish bets in agriculture to a near two-year low.
Unchanged USDA yield placeholders and easing crop ratings leave prices reliant on weather, with a possible rebound if heat persists, though fund selling caps near-term upside.
highlinegrain.comJul 18, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
