The next USDA report is Crop Production: August 12, 2019.
Market Comments for July 18, 2019
Market analysts are trying to find similar years that we can compare this year to and unfortunately there really isn’t an analog year to compare to with great confidence. The grains have shown weakness all this week after rallying the week before. We are range bound as we try to get a better handle on this year’s crop. Outside markets are not giving us much direction either. Equities continue to see an inflow of money but the commodity sector as a whole is concerned about the global economy slowing down. US crops need to be priced competitively with foreign exporters while we have large old crop stocks but also needs to price grain to ration demand to keep ending stocks in the future at acceptable levels if we have a low production year. A difficult position to be in and one we will struggle with for the next few months.