Morning Grain Comments 7/31
The grain markets started off choppy last night following a less-miserable-than-usual Crop Progress Report, but the malaise lasted no more than three hours before the rally resumed for the overnight hours. The trade has little else besides weather to discuss before the upcoming round of crop estimates (FCStone tomorrow, Informa this Friday, USDA next Friday), and the forecasts somehow seem to get worse with each passing day…
