Crop condition August 3, 2020
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Started by metmike - Aug. 4, 2020, 12:10 a.m.
By metmike - Aug. 4, 2020, 12:13 a.m.
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U.S. #corn conditions are unchanged this week at 72% good/excellent,

#soybeans rose 1 pt to 73%. Spring #wheat is 5% harvested and winter wheat is 85% completed.


By Jim_M - Aug. 4, 2020, 1:20 p.m.
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Looks like there is nothing in the foreseeable future to prop up the relentless decline in grain prices.   

By metmike - Aug. 4, 2020, 2:21 p.m.
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Actually, new crop demand in July set an alltime record, mostly from China.

I am thinking their crop is going to be short this season and they are need to import massive amounts of c and s because of the shortfall.

Weak dollar is helping too.

Bearish weather at this stage in the growing season is hard to overcome though.