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Market Rally Commentary | July 28, 2014

Pro Farmer Editorial Director and Market Rally Radio Host Chip Flory discusses what he learned during the day's broadcast and offers some perspective.

PF CCI: Soybean Crop Declines, Corn Stable

Our weighted Crop Condition Index shows the soybean crop declined by 1.45 points from last week, with corn down 0.44.

PF CCI: Needed Precip Boosts Spring Wheat in North Dakota

According to Pro Farmer's weighted Crop Condition Index, the spring wheat crop improved by one point from last week.

NWS 6-10 Day: Cooler and Dry Across Corn Belt

Below-normal precip is expected across the Corn Belt to start August, accompanied by cooler-than-normal temps.

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Market Reports

Cash Sales Monitor

40% of 2014-crop corn is sold

2014-Crop Corn Sales

Cash-only marketers are 40% sold and hedgers are 50% sold in the cash market.

70% of 2014-crop wheat is sold

2014-Crop Wheat Sales

Cash-only marketers are 70% sold and hedgers are 85% sold in the cash market.

50% of 2014-crop soybeans are sold

2014-Crop Soybean Sales

Cash-only marketers and hedgers are 50% sold in the cash market.

50% of 2014-crop cotton is sold

2014-Crop Cotton Sales

Cash-only marketers and hedgers are 50% sold in the cash market.