Morning Comments June 25, 2019

Soybeans Farnhamville

Opening Calls:

Corn 4-5 higher

Soybeans 3-4 higher

Crop Conditions report out yesterday had the corn crop deteriorate by 3% in the Good to Excellent category.

Soybeans are good to excellent at 54% which would put it at the lowest initial rating for soybeans in over 25 years.

More rains overnight and into today helping support the corn and soybean market. 7-10 day forecast calling for warmer drier weather.

Friday the USDA Acreage report is out at 11 am. Private estimators continue to decrease the corn acres and very little change to soybean acres.