Are we seeing a summer weather rally? — This week in the grain markets



After a two-week hiatus, I’m back with the weekly recap and this week, grain markets ended things mixed.  Wheat prices were weighing weather and production downgrades, while corn and soybean prices remain concerned about demand, albeit these two did climb on Friday. For these 2 crops, China is certainly buying but it doesn’t seem like it’s enough to keep these markets higher, given the Harvest 2020 outlook right now. Wheat prices erased a lot of the gains they made earlier in the week; notably, on Wednesday, when Chicago SRW wheat futures hit a 3-month high. So far in July, grain…

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