Today’s Prices

Grain prices finished mixed today as traders were cautious ahead of tomorrow’s USDA June crop report.

Grain Market News

U.S. Ending Stocks

World Ending Stocks

South American 2022 Production

Corn Weekly Export Sales  

Corn export sales were at 280 thousand tons, that is up from the previous two weeks, not by a lot, but very close to the level that is needed to reach USDA forecast.

Soybean Weekly Export Sales

Soybean exports bounced nicely from last week to 430 thousand tons.

We have already reached the USDA export sales total, that’s why the level needed is negative.

Grain Market News

7-Day Observed Precipitation

7-Day Precipitation Forecast

Soil Moisture Change

Temperature Outlook

September Corn Chart

Corn prices traded on either side of unchanged, we did make a new high for the move up to 7.37 on the September corn chart.

With prices trending higher, technical indicators are also pointed higher.

September Soybean Chart

Soybean prices also made a new high for the move, in fact today’s high at 16.89 per bushel was just 2 cents off the contract high from February.

The trend in the soybean market is up, we’ve reached some overhead resistance.

September KC Wheat Chart

Wheat prices have been consolidating now for 6-7 days in a row.

There is a little bit of something for the bulls and the bears.

The wheat market needs some fresh news to determine if we are going to break out to the upside or the downside.

Technical indicators are still extremely oversold, this is showing hints of trying to trend higher.

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