Grains in Chicago closed on a mixed note. December Corn closed -2 3/4 at 3.19 1/4 and November Soybeans closed slightly higher +3 at 9.08. Continued good weather and lack of positive demand news left the market without much direction.
Since the close the USDA announced that they would reevaluate acres in the up and coming August Supply and Demand Report to be released 7:30 am August 12Th. This will likely spark some short covering or at least some stabilization to our markets.
Jeff Neisler
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