Prices keep moving higher

Corn and soybeans keep moving higher as they are trying to put weather premium back into market as hot weather is forecasted for early August with little rainfall for most of the corn belt. Still waiting to see if any grain gets out of Ukraine the next 2 weeks as they try to move forward with the grain corridor and this will put pressure on corn and wheat. Export sales were better than expected for soybeans but softer for corn and wheat. We will see if the upward momentum can continue as we close in on month end tomorrow and could run into some selling pressure. Watch to see if corn can trade thru 6.25 and soybeans above 14.44 to bring more bullish sentiment. NFC Grain Comments Options -7.28.22

Sign up for text alerts from NFC! Enter your mobile number to join: