Morning Comments June 24, 2019

Soybean Field Sunshine

Opening Calls

Corn up 4 to 5

Beans up 6 to 7

With another weekend of rain and below average temperatures, the markets are up. Last week corn and beans have been in a 10 cent trading pattern. We are still waiting for Friday’s Acreage and Stocks report to come out.

Grain under loan has farmers liquidating some last week. Corn 448 million bu, down 26 million last week and beans at 121 million bu, down 5 last week.

The Crop Conditions report will be out at 3 p.m. today and trade waiting to see if and how they change the Good/Excellent category on corn and their first crop rating on soybeans.