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Wheat Rallies As China Books French Wheat and are Rumored to be Searching for More; Soybeans Firm as China Heard Booking Shipments Out to Early 2023
Crop Progress/Conditions as of August 22, 2022
a quiet night, US forecasts mainly good but EU/Ukraine/Russian spring crop forecasts questionable to poor. Crop progress/conditions and finally the FSA plantings numbers this afternoon.
Managed Money Net Buys 2.2k SRW, 0.3k HRS, 11.8k Corn; Net Sells 0.5k HRW and 2.2k Soybeans
A mighty bounce of 20% of yesterdays losses in US wheats overnight, corn unch, and beans slightly lower. Nothing happened but something probably will in the day session.
Wheat Gets Blasted on “peace-talk” Headlines; Corn and Beans End Firm on Strong Export Sales Last Week
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