Morning Market Insight

8-2-18
Brad Olson
Grain Marketing Specialist


Agtegra Cooperative has been working diligently to provide you with the best products and services around. We have recently launched the new, free Agtegra app that will allow you to view cash bids and futures, as well as your grain contracts, scale tickets, and commodity balances. Agtegra is very excited about the new app and believe you will find it useful and convenient. Now, we want to hear from you, our valued customer! Share your opinion and you could win an Agtegra cooler. Just fill out the survey from the link below and you will be entered to win. The deadline to enter is August 10th. We look forward to hearing from you soon! Click here for the survey
 
Corn:  As of 7:45-  3 higher

Yesterday corn seemed to be dragged lower by the soy complex. Overnight we seem to be getting some of that back on the idea of the US and Mexico getting closer to a NAFTA agreement along with warmer drier weather possibly taking off the top end of yield potential. Export sales out this morning falling short of expectations

 
Soybeans:  As of 7:45-  5 lower
Yesterday we pivoted from weather back to tariffs as the threat of moving from 10% to 25% on Chinese goods. Soybean crush for June at 169.9 mb. Weather still will remain important as we move into the critical Aug developmental time frame. Export sales falling short of expectations.

Wheat:  As of 7:45-  9 higher
 We can’t seem to keep this market down as we continue to trade higher on global crop concerns. KC wheat approaching May highs. Exports sales falling within the range of expectations.

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