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!

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.