News > Weekly Commentaries > 2023 > June > MarketEdge PM Comments

MarketEdge PM Comments

Jun 15, 2023


(Taylor Bensenberg)
 
Good afternoon,
 
It has been a while since we have seen a day like today, grains finished strong across the board. July corn closed up 15 ½ at 6.2325 and December corn closed up 25 ¼ at 5.7450. July beans closed up 40 at 14.2825 and November beans closed up 52 ¼ at 12.9225. 
 
  • The rally today can be attributed to the weather
  • For the foreseeable future, the forecast remains hot and dry 
  • Russia is threatening to not renew the Black Sea Grain deal 
  • The May NOPA crush report was released today at 177.9 million bushels 
Have a great night!
 

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