Rebounding on production reductions — This week in the grain markets



Grain markets were able to rebound in the 3rd week of August as crop tour results and some technical buying help moved the complex higher. While we’ll dig into the ProFarmer crop tour results in a bit, corn and soybean prices weakened towards the end of the week on both farmer and technical selling, as well as some moisture events coming up from the U.S. Gulf of Mexico. Wheat was the big winner of the week though, as the export optimism continues to climb for winter wheat, which in turn has helped HRS wheat prices in Minneapolis. This week, grain…

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