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Highlights, Weather, Trading Limits, Rain Days Update 7/31/22


The National Weather Service 6 to 10 day and 8 top 14 day forecasts late yesterday afternoon were the same as they have been for more than a week. If they are the same tomorrow evening, one would have to expect higher corn and beans tomorrow evening and large buy orders under the market. But the rumor of rain in Western Corn Belt will crush these markets. However, the prediction of a little rain in half of Iowa will not make the bean crop nationwide and it will not add ten bushels of corn, even if it does rain. The first indication of potentially significant rain will be the number of rain days in the ten day forecast for the Corn Belt that Nick and Eugene summarize every day.

Just a reminder, the daily trading limits are:

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