Corn managed to close out the week Friday with gains of about 3 cents a bushel. Traders continued to talk about record yields getting bigger. However, some are thinking about parts of the corn belt received too much rain and it was very hot during pollination. So, maybe the market is starting to factor in that yields are no longer increasing. It is going to be very interesting Friday to see what the USDA thinks in the August Supply Demand report. These low prices are starting to stimulate more demand. Friday morning the USDA announced a dairy sale of 419,999 MT of corn was sold to an unknown destination.

Beans had a good day Friday with November up about 18 cents a bushel. On the week though November beans lost 28 cents a bushel. The forecast is still calling for above normal temperatures with chances of rain as we move further into August. The USDA announced a daily bean sale too of 18.3 million bushels of new crop beans sold to China. That was the eighth day in a row there was a daily bean sale announcement. For Friday's report, traders are expecting above trend line yields from the USDA.

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