Will Weather Turn Positive for Crops?

在一夜之间，谷物再次以玉米下降5¼美分，大豆下跌3美分，小麦下跌8美分。美元占百分之一的1/5，原油66美分降低。从6月16日开始的拉力赛，玉米的交易价格略高于50％的回撤水平，售价为4.09美元，最近在7月14日达到了4.54¼美分。11月大豆的交易价格约为10美元，温和的支持水平约为9.92美元。

The grains are moving lower this morning with the forecast showing a positive outlook for crop development over the next 10 days. The eastern Midwest which has been getting hit with excessive moisture in the early part of the growing season is expected to receive only limited showers, while the outlook in Iowa and Nebraska is for the weather to turn wetter for the next 10 days. Heat events are expected to be limited with only a few mild events expected over the weekend and early next week. Canada is also expected to receive beneficial rains for their wheat and canola crop.

This morning there was some export activity with NASS reporting 120,000 metric tons of U.S soybeans to be sold to china for new crop delivery. A tender was also issued this morning by South Korea’s corn processing industry association for 55,000 metric tons of corn from either the U.S, Brazil or Argentina. The corn is to be delivered in November and the tender closes on Wednesday.

—Cody Bills