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Highlights, Breakaway Gaps, Broilers & Ethanol, Markets & Rain Days Update 8/4/22

Highlights


Two years ago today, December 2020 corn made its contract low at $3.20. It traded to $4.30 on November 30, 2020. That was the contract high.


The USDA reported yesterday morning a sale of 135,000 mt of new crop soybean meal & cake to Poland.

There were no deliveries assigned on August beans or oil, but 35 lots of bean meal were assigned and went to "strong hands". The oldest long positions are:

  • Meal 18 July 2022

  • Oil 8 July 2022

  • Beans 24 February 2022

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