MarketEdge PM Comments

Jun 09, 2023

(Sam Bair)
Good evening,
Markets are in the Green after today’s session.  July corn futures are up 6^0 closing at 610^2, New crop corn is up 2^2 closing at 533^0. July Bean futures are up 2^4 closing at 1363^2, new crop soybeans are up 10^4 closing at 1189^0.
  • Trade exports continue to struggle, as Mexico cancels almost 120,000MT of new crop sales
  • Markets continue to follow the weather forecast.
  • Midday GFS changed its forecast shifting drier, more like that of the EU model.
  •  US Drought Center reports that at least 45% of the US corn crop and 39% of bean crop are at a D1 drought or worse.
  • All livestock markets slide today
  • DJI, S&P, Nasdaq all finish in the green
  • Be aware of many terminals switching over to the Sept. futures, make sure to have old crop as well as new crop offers set up with your grain originators!
  • Don’t forget the WASDE Report comes out tomorrow at 11am CST

Read More News

Jun 30, 2023
September corn closed down 35 cents at 4.8850 and December corn closed down 33 ¾ at 4.9475.
Jun 30, 2023
​Good Morning.  It is Report Day.  At 11am, USDA will release the highly anticipated Quarterly Stocks and Acreage Reports.
Jun 28, 2023
Grains continue their free fall today with rain continuing to fall and/or be forecasted for parts of the corn belt most needing a drink.