Aug. options for grains expire
One would have thought some bear news and weather last week. BUT market action was great.
So all eyes will watch weather and crop conditions.
IMHO we don’t have a 179.5 yield in corn.
USDA can and might lower yields in both beans and corn BUT raise both acreage numbers down the road.
Let’s see if Dec. Corn fills its gap
Trend is still up. Would need a dry and Hot Aug to reach contract Highs for both crops.
World weather is and could play a part in grain rallies also.