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August 11 US crop progress/conditions highlights and commentary
Soy futures explode higher overnight on Truth Social Trump commentary hoping China “quadruples US soybean purchases” but tempers gains to below first technical resistance area in SX by the overnight close.
Slightly lower beans overnight, mixed in grains. US AM forecasts seem to be putting more rain into eastern corn belt compared to yesterday but still warm 10 day forecasts and little rain for the drying out mid-south states.
Weekly Export Sales Give Futures Push Higher….
Huge weekly US ag export sales report with all major ags above expectations. 3.1 MMT of new crop US corn sales.
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