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Highlights, Breakaway Gaps, Markets & Rain Days Update 7/27/22


This afternoon is the day interest rates are expected to be increased by 75 basis points (¾ of one percent) by the Federal Reserve.

Oats, which supposedly always know what corn will do, traded an outside reversal range higher with the intraday low being a one-year low for the September contract. August soymeal made a new contract high yesterday.

Arlan Sunderman of StoneX reported his corn yield model is at 174.3 bushels per acre this week, down from 176.4 last week. USDA is at 177 on their July S&D.

Initial comments from the Wheat Council’s spring wheat tour in North Dakota are a bit disappointed with the crop in the southeast of the state.

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