Jul 18, 2018 06:22 PM
The Soy markets are biding time now. The beans have bounced a bit. This could continue with a further reduction in ratings. The bean ratings, like corn, are in a high end of the condition ratings from a historic perspective. My personal upside potential without a real problem is 865-880 basis Aug. I don’t have much more to say regarding corn. The Russian corn crop is poor. The EU crop is poor. There is talk in Germany of not even harvesting. The point here is the US is the cheapest available.