July WASDE report today

Corn and soybeans have pulled back from Sunday night’s explosive open. Traders were chasing the market covering short positions after the hotter forecast came out over the weekend but has now backed off. We have the July WASDE report today at 11 am and we are expecting a mostly neutral offering. May see some trimming of old crop exports but the current weather situation prices should be supported for at least the short term. NFC Grain Comments Options -7.12.22

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