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Weekly overview of ag commodity market news and price action compiled by Austin Schroeder with Brugler Marketing. Not intended as trading advice. Actions taken are responsibility of the reader.
Jerry Gulke, president of the Gulke Group, says grains posted lower weekly closes as the markets were pressured by ideal weather and ideas of higher yields.
Dave Chatterton, with Strategic Farm Marketing, says old and new crop corn both made new contract lows as the market faded the friendly ending stocks numbers in the July WASDE. He says the market was looking ahead with ideas of higher yields in future reports.
A shrinking labor pool is already having an impact, and ag experts say it’s only going to get tougher.
Corn markets faded lower old and new crop ending stocks from USDA in the July WASDE.
A look ahead at the next 5, 30 and 90 day segments for the soy market.