Grain and soybean futures are steady to slightly higher after yesterday’s massive drop. Corn futures made new contract lows yesterday as funds were large sellers. Soybean futures are trading near the 50-day moving average for the first time since late June. Minor showers will continue to dot the Midwest through Friday. Next week scattered thunderstorms will be more prevalent over a much larger area of the Corn Belt. U.S. Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He, President Xi Jinping's point man on economic policies, will participate in the talks on August 15th. The focus will be on the phase-one trade deal, which includes China's commitment to boost its U.S. imports by $200 billion over two years. China has fallen well short of the pace needed to reach the target, even though it has increased purchases of American soybeans, pork, corn and other farm products in recent months. The U.S. Department of Energy has finished reviewing retroactive requests from refiners for exemptions from the nation's biofuel blending laws and has sent recommendations on how to address those requests to the EPA. The EPA now has 90 days to review the recommendations; the agency will consider 58 pending requests for compliance years 2011 through 2018. The ADP Employment report showed private employers only added 167,000 jobs in July versus trade expectations of 1.5 million. The U.S. July jobs report will be released Friday. Have a great day! Wayne Kollis - Mike Rosenberg - Matt Zeman - Austin Behrendsen - Grant Johnson
Wed 8/05
Thu 8/06
Fri 8/07
Sat 8/08
Sun 8/09
High
79 F
84 F
86 F
93 F
94 F
Low
61 F
62 F
67 F
71 F
Precip
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48%
33%
Members of our Coop earn Patronage on the amount of business done, throughout that year. ...
Believe it or not, soybean decision time is upon us already! ...
Observations and reminders for this year's crop. ...
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