Bearish August WASDE and a small rally — This week in the grain markets

by

Opinion

Grain markets ended the second week of trading in August mostly in the green, despite a bearish WASDE report from the USDA that suggested record national average yields for both corn and soybeans. Arguably, these yields have been priced in though, and the complex rallied on a devasting “derecho” windstorm in Iowa and some solid export sales. While we did get a bit of rally, we’re also at the time of the year when grain markets are usually at their lowest. Conversely, there is still plenty of solid demand in the market and on our Combyne Marketplace for the less…

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