Your Pro Farmer newsletter (July 9, 2022) is now available

Price action immediately following the July 4th holiday often sets the tone for summer price action in corn and soybeans. On July 5, December corn futures dropped 4.8% and November soybeans fell 5.7% — the third and second largest post-holiday declines, respectively, since 1986. The post-Fourth price action suggests more price pressure is likely ahead this month — potentially longer. Improved weather was a catalyst for the selloff in grain and soy futures, but so was increased concerns over a recession as central banks around the world tighten monetary policy to combat surging inflation. While focus is on weather and macroeconomic happenings, President Joe Biden is nearing his first major trade policy move regarding China. We cover all of these items and much more in this week's newsletter, which you can download here.