Adjusting to August prices (again) — This week in the grain markets



Grain markets took a nosedive in their first week of trading in August, as yield forecasts get updated,  weather pressures subside, and traders prepare for next Wednesday’s WASDE report. Put simply, the closer we get to combines rolling, the more of the supply number gets baked into the current prices. Reality is, that new JD X9 combine with all that extra capacity might be needed to help out with some bigger yields this year (However, with a fully loaded sticker price of $1.2 million, you’ll need a heck of a lot of bushels at these prices for your banker to…

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