Good morning,
Markets are stronger to start the day with corn up 14, soybeans up 13 and wheat up 12.
Russia struck Ukrainian ports on Tuesday, a day after pulling out of a U.N.-backed deal to let Kyiv export grain, and Moscow claimed gains on the ground in an area where Ukrainian officials said Russian forces were going back on the offensive.
Russia said it hit fuel storage in Odesa and a plant making seaborne drones, as part of “mass revenge strikes” in retaliation for attacks by Ukraine that knocked out its road bridge to the occupied Crimean Peninsula. (Reuters)
Models show increases dryness across the most the central US this morning. The drought continues in Iowa, Minnesota, and the Dakotas. Hot temperatures are on the way that will increase crop stress as we close out July.
Corn condition ratings rose another 2% this week to 57% good/excellent, still behind 64% last year and the 66% five-year average; corn silking and doughing remained ahead of comparable at 47% and 7%, respectively.
Have a Safe Day!
Garry Gard
920-348-6844
