By the year 2028, three cities will have hosted the Olympics three times each-name two (hint: all Summer Olympics)     
       
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Afternoon comments 7-20-18  September corn closed higher with help from a stronger wheat market.  Trade will be waiting on next Monday crop ratings report to see if this week’s heat has done much damage.  The seven day forecast is mostly dry for the western corn belt and weather risk is still a play.  August soybeans closed higher again today with help from concerns of hot dry weather across the southwestern plains.  President Trump continues to stir the trade war pot as he told CNBC today that he is ready to enact tariffs again another $500 billion of Chinese goods.  September KC wheat closed double digits higher today with help by ongoing concerns of dry weather in Europe and eastern Australia.  Closing cash bids corn, milo and soybeans all up 4 cents, and wheat closed the day 12 cents higher.  Have a great evening. 


Morning Grain Comments 7-20-2018 – The grain markets were higher overnight as we finish up the trading week today.  There are some production concerns, but not so much here in the U.S. as the weather overall continue to look good with small areas of production issues.  Will the strength from the night session flow through the day session?  In world grain trade news, Jordan has tendered for 120,000 tonnes of hard milling wheat, flour millers in Taiwan have tendered for 103,000 tonnes of U.S. milling wheat, and China sold 1,100,000 tonnes of corn from their state reserves.  At the end of the night session at 7:45 this morning, Kansas City September wheat was 6.5 cents higher, Chicago September corn was up 1.75 cents, and Chicago August soybeans were 3.75 cents higher.  Have a great day and weekend.  
 

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