Grains rallied after the crop progress report. For Chicago there were more cool temp days than warm for July. But the climate cycle model is not ruling out a return of summer. The U.S. economy moves forward and the stock market responded overnight. Brazil stock market may have made a significant bottom and Asian indices improved.
USDA announced several soymeal and soyoil sales today, pointing to strong value buying.
According to Pro Farmer's weighted Crop Condition Index, the spring wheat crop held virtually unchanged from last week.
Pro Farmer Editorial Director and Market Rally Radio Host Chip Flory discusses what he learned during the day's broadcast and offers some perspective.