Grains weaken as July ends — This week in the grain markets

Opinion

Grain markets ended the month of July in the red, albeit, from a monthly performance standpoint, it wasn’t all bad news bears. Chicago wheat prices gained nearly 40 cents, or 8%, while canola and soybean prices both improved by about 2.5%. However, while corn prices lost about a quarter, or 7.5%, in the month of July, about 40% of said losses came in just this past week. Keep in mind here that we’re right smack dab in the middle of the growing season and so the declines this week feel more seasonal than anything else. That being said, China did…