Morning Comments, June 09, 2020

Applicator Landus Cooperative

Opening Calls:

Corn: down 2 to 3 

Beans: down 3 to 4

Weekly crop progress report out yesterday has crop rating better than traders thought. Corn crop rated at 75% good to excellent, compared to 59% last year.

The 7-10 day forecast is calling for rain and cooler weather. The June WASDE report will be out at 11 a.m. on Thursday. 

Traders will be watching Ending Stocks on both commodities for Old Crop and New Crop.

Got grain in your bin? Got a marketing plan? Tired of paying storage? Call your local Landus representatives for different marketing options.