Grains finished higher with hot, dry forecasts feared to be pushing crops and thus reducing yield
I believe the August USDA production numbers are the highest we’ll see this crop year with weather stressing plants along with storm damage ravaging big producing areas
Weather looks to cool off and bring rain early next week from Hurricane Laura
Typically it takes a strong atmospheric disturbance like a hurricane to change dry weather patterns
USDA reported that China bought 16.1 million bu. of corn & 7.5 million bu. of soybeans
Unknown destinations also bought 5.2 million bu. beans & Japan bought 3.9 million bu. of corn
China and US trade representatives held their virtual meeting regarding the Phase 1 trade deal
Both sides appeared to be pleased with the progress, although China has a long ways to go to fulfill it
Corn condition ratings fell 5% yesterday to 64% good/excellent vs. 57% last year and 66% on average
Soybean condition ratings fell 3% to 69% good/excellent vs. 55% last year and 64% on average