Morning Market Insight

June 25, 2018
Abbey Kittelson
Grain Marketing Specialist

USDA Grain Stocks and Planted Acreage report this Friday 11am CST. Contact your Grain Marketing Specialist for more details!
CORN: As of 7:45 – down 3
Friday’s trade ended unchanged in corn contracts. We are lower overnight in corn, beans, and wheat as the market is still dealing with uncertainty in United States trade. Mexico and Panama did buy some from us on Friday. Some concerns circling around possible damage to the corn crop from too much rain in parts of the corn belt.
SOYBEANS: As of 7:45 – down 9
A firmer day on Friday in bean markets as the contracts closed 14 to 15 cents higher on the day. November had the week’s 2nd highest close and seems to have found some support around $9.00. Trade uncertainty remains an issue. July 6th is the deadline for trade talks and it is approaching quickly.
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WHEAT: As of 7:45 – Mpls down 3, KC down 10
Wheat trade remains routine as weak fundamentals hang over the market. Rain showers in Kansas skirt winter wheat harvest there. Overall conditions in the US and Canada seem good. A few reports of dry areas in North Dakota.

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