Grains:
– Cotton export sales:
– 207,500 bales for current marketing year
– 8,400 bales for 2024-2025
– Cumulative sales: 4.648 million bales, down from 5.312 million bales last year and below 5-year average of 6.91 million bales
– Sales at 33% of USDA forecasts vs 5-year average of 53%

Corn:
– New crop sales: 72 million bushels
– Commitments: 442.5 million bushels, up 8% over last year
– USDA forecast up 17% from last year

Soybeans:
– Net cancelations of 8 million bushels on old crop
– Year-to-date commitments down 15%, USDA down 14%
– New crop production forecast: 4.615 billion bushels, up 26 million from USDA
– New crop ending stocks: 580 million bushels, up 20 million from USDA
– Wheat:
– No USDA production estimates next week

Cattle:
– Cattle killed: 124,000
– Choice boxed beef: $311.51, down $0.09
– Cash cattle prices: $180-$183, $2 lower

Other:
– Cocoa: December cocoa slightly higher
– Sugar: India to extend export ban for second year
– Crude oil: Stocks fell 6.9 million barrels vs expected 1 million
– Natural gas: Storage up 13 BCF vs expected 20-33 BCF
– Interest rates: Greater chance of 50 bps Fed cut in September (opinion)

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