Daily US grain report: prices mixed but majority higher overnight

Corn was up around 1 cent, soybeans up about 5 cents and wheat around 3 cents down.
calendar icon 21 August 2019
clock icon 4 minute read

The average soybean pod count in 3'x3' was 923.94, which compares to 1,311.87 pods last year for Indiana and 1,219.69 pods for the three-year average. Today, scouts on the eastern leg of the tour travel from Illinois to eastern Iowa. Scouts on the western leg will travel from Nebraska to western Iowa.

Corn Belt weather this week is seeing ample rainfall and seasonal temperatures, which is bearish for the grain markets.

Bears have solid overall chart advantage amid price downtrend. No early clues a market bottom close at hand
Bears have solid overall chart advantage amid price downtrend. No early clues a market bottom close at hand

© Jim Wyckoff

Price downtrend still in place and bears have overall chart advantage
Price downtrend still in place and bears have overall chart advantage

© JIm Wyckoff

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