Grain > Commentary > 8-6-2021

8/6/2021

Aug 06, 2021

8/6/2021
Another week is in the books.  For the week corn was up 8 and beans were down 13.  Observed weekend precip will be an important watch for how we open on Sunday night.  Thursday, Aug. 12th is the next USDA monthly report.  Average trade estimates have corn yield at 177.6 vs 179.5 in July.  21/22 Corn carryout is estimated at 1.297 billion vs 1.432 billion in July.  Average trade estimates have bean yields at 50.2 vs 50.8 in July.  21/22 Bean carryout is estimated at 134 million vs 155 million in July.  We did have another bean sale to China this morning of 131,000 metric tons.  It is good to see some back to back days of export sales.    

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