Listen to this week’s market wrap-up on Soundcloud: Grains are mostly lower this week as the market chews through a bearish report from the USDA on Friday, July 11th. The only place you would’ve seen bulls roaming around was at the Calgary Stampede, I’m afraid. Managed money continues to be net sold of all grains, except for corn, surprisingly, as it’s been suggested that unless average U.S. corn yields hit 170 bushels an acre, prices are justifying current estimates of supply and demand. Most analysts are forecasting corn and soybean prices-per-bushel to be around $3.75-$4.00 and $10.50-$11.00 respectively in the…
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