Export trade kicked off Thursday with some morning corn sales to both unknown destinations and South Korea.
But the broader concern remains: ideal growing weather continues to point to a potentially big crop—and demand just isn’t keeping pace. That lack of bullish spark has funds continuing to get short in the market.
Meanwhile, in livestock, cattle pulled back from Wednesday’s highs as traders await Friday’s trio of key reports: the July Cattle Inventory, Cattle on Feed, and Cold Storage numbers.
Mark Gold at Top Third/StoneX shares his thoughts for todays Market Wrap Up
