Hot dry weather in much of the US was a factor in higher prices this week for most grains: corn was up by about USD 5 m/t, soybeans up by USD 11 m/t, winter wheat up by close to USD 7 m/t and spring wheat up by about USD 8 m/t ---- only soymeal seemed to be able to be steady on the week..............please click PDF to see more details

Today is France’s most important day of the year – honoring the storming of the Bastille in Paris back in 1789. The storming of the Bastille is celebrated as the beginning of the French Revolution. The 14th is a national holiday and events are being held to commemorate the day in every city, town and village in France.................please click PDF to see more details

The number one topic in most trade reports continues to be the US/China trade problems and the expansion of tariffs by other countries in response to the US’s steel and aluminum tariffs. Even Turkey slapped a bunch of tariffs on US imports but luckily did not add anything to grain and corn by-products. It was also a funny week in the US due to the July 4th holiday coming on Wednesday which seemed to upset the futures market a bit. Nothing like a mid-week holiday to get the futures market all excited...............please click PDF to see more details

Summer weather has finally arrived in the south of France, pushing out the weeks of rain that we had been seeing. Daytime temperatures are now up in the mid-30’s centigrade (about 95 F) and there is not a cloud in the sky. Now all those soaking wet fields can dry up a little and the farmers can start smiling again. US Grain markets this week continued the recent pattern of moving lower every week --- corn prices were only down by about USD 3 m/t but soybeans dropped by almost USD 15 m/t and soymeal was down by around USD 10 m/t. Even US wheat continued lower with hard red winter wheat down by USD 6 m/t or so. US spring wheat was down by almost USD 10 m/t............please click PDF to see more details