*Market Movement from 27th Jul 2020 to 01st Aug 2020*
• NY December recovered from last week’s loss and gained 256 points W/W. Market recovered by better export sales and shipment and weaker dollar. Some fear of crop damage in southern Texas due to Hurricane Hanna also lead speculators for short covering. Overall NY future had supportive week.
• U.S. Export sales and shipment both better and higher than trade expectation. Yet one week’s data to come to close off the season. Shipment will cross the target set by USDA and outstanding sales will be carried forward to the new season.
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