Today’s Prices
Grain markets finished higher today, rumors that Russia may not allow the continuation of the shipping corridor supported the bounce.
Weekly Price Summary
Grain Market News
Corn Production
Grain Market News
U.S. Drought Monitor
Class Change
High Temperatures
Soil Temperatures
U.S. Radar
7-Day Precipitation Forecast
Low Temperature Forecast
May Corn Chart
Corn prices shot to the upside today, today’s high at 6.68 matches the high from about 2 weeks ago.
Overall today’s move makes the chart look good and was enough to turn the technical up.
Prices are now approaching overhead resistance at the 6.68-6.70 range.
May Soybean Chart
Soybeans prices were disappointing today with an outside day down.
We did hold chart support and we did close near the upper end of the range.
Bottom line is soybean prices have been chopping back and forth over the last couple of weeks leaving the technical chopping.
May KC Wheat Chart
Wheat prices looked good today after testing chart support.
Wheat prices exploded to the upside and closed near the daily high which makes the chart look good and the technical trying to hook upward as well.
Unless we get bearish news it does look like this market may be interested in testing the area of 9.02-9.09.
Recommendations
Questions or Comments
Today’s Prices
Grain markets finished higher today, rumors that Russia may not allow the continuation of the shipping corridor supported the bounce.
Weekly Price Summary
Grain Market News
Corn Production
Grain Market News
U.S. Drought Monitor
Class Change
High Temperatures
Soil Temperatures
U.S. Radar
7-Day Precipitation Forecast
Low Temperature Forecast
May Corn Chart
Corn prices shot to the upside today, today’s high at 6.68 matches the high from about 2 weeks ago.
Overall today’s move makes the chart look good and was enough to turn the technical up.
Prices are now approaching overhead resistance at the 6.68-6.70 range.
May Soybean Chart
Soybeans prices were disappointing today with an outside day down.
We did hold chart support and we did close near the upper end of the range.
Bottom line is soybean prices have been chopping back and forth over the last couple of weeks leaving the technical chopping.
May KC Wheat Chart
Wheat prices looked good today after testing chart support.
Wheat prices exploded to the upside and closed near the daily high which makes the chart look good and the technical trying to hook upward as well.
Unless we get bearish news it does look like this market may be interested in testing the area of 9.02-9.09.
Recommendations
Questions or Comments
Today’s Prices
Grain markets finished higher today, rumors that Russia may not allow the continuation of the shipping corridor supported the bounce.
Weekly Price Summary
Grain Market News
Corn Production
Grain Market News
U.S. Drought Monitor
Class Change
High Temperatures
Soil Temperatures
U.S. Radar
7-Day Precipitation Forecast
Low Temperature Forecast
May Corn Chart
Corn prices shot to the upside today, today’s high at 6.68 matches the high from about 2 weeks ago.
Overall today’s move makes the chart look good and was enough to turn the technical up.
Prices are now approaching overhead resistance at the 6.68-6.70 range.
May Soybean Chart
Soybeans prices were disappointing today with an outside day down.
We did hold chart support and we did close near the upper end of the range.
Bottom line is soybean prices have been chopping back and forth over the last couple of weeks leaving the technical chopping.
May KC Wheat Chart
Wheat prices looked good today after testing chart support.
Wheat prices exploded to the upside and closed near the daily high which makes the chart look good and the technical trying to hook upward as well.
Unless we get bearish news it does look like this market may be interested in testing the area of 9.02-9.09.
Recommendations
Questions or Comments
Today’s Prices
Grain markets finished higher today, rumors that Russia may not allow the continuation of the shipping corridor supported the bounce.
Weekly Price Summary
Grain Market News
Corn Production
Grain Market News
U.S. Drought Monitor
Class Change
High Temperatures
Soil Temperatures
U.S. Radar
7-Day Precipitation Forecast
Low Temperature Forecast
May Corn Chart
Corn prices shot to the upside today, today’s high at 6.68 matches the high from about 2 weeks ago.
Overall today’s move makes the chart look good and was enough to turn the technical up.
Prices are now approaching overhead resistance at the 6.68-6.70 range.
May Soybean Chart
Soybeans prices were disappointing today with an outside day down.
We did hold chart support and we did close near the upper end of the range.
Bottom line is soybean prices have been chopping back and forth over the last couple of weeks leaving the technical chopping.
May KC Wheat Chart
Wheat prices looked good today after testing chart support.
Wheat prices exploded to the upside and closed near the daily high which makes the chart look good and the technical trying to hook upward as well.
Unless we get bearish news it does look like this market may be interested in testing the area of 9.02-9.09.
Recommendations
Questions or Comments
Today’s Prices
Grain markets finished higher today, rumors that Russia may not allow the continuation of the shipping corridor supported the bounce.
Weekly Price Summary
Grain Market News
Corn Production
Grain Market News
U.S. Drought Monitor
Class Change
High Temperatures
Soil Temperatures
U.S. Radar
7-Day Precipitation Forecast
Low Temperature Forecast
May Corn Chart
Corn prices shot to the upside today, today’s high at 6.68 matches the high from about 2 weeks ago.
Overall today’s move makes the chart look good and was enough to turn the technical up.
Prices are now approaching overhead resistance at the 6.68-6.70 range.
May Soybean Chart
Soybeans prices were disappointing today with an outside day down.
We did hold chart support and we did close near the upper end of the range.
Bottom line is soybean prices have been chopping back and forth over the last couple of weeks leaving the technical chopping.
May KC Wheat Chart
Wheat prices looked good today after testing chart support.
Wheat prices exploded to the upside and closed near the daily high which makes the chart look good and the technical trying to hook upward as well.
Unless we get bearish news it does look like this market may be interested in testing the area of 9.02-9.09.
Recommendations
Questions or Comments
Today’s Prices
Grain markets finished higher today, rumors that Russia may not allow the continuation of the shipping corridor supported the bounce.
Weekly Price Summary
Grain Market News
Corn Production
Grain Market News
U.S. Drought Monitor
Class Change
High Temperatures
Soil Temperatures
U.S. Radar
7-Day Precipitation Forecast
Low Temperature Forecast
May Corn Chart
Corn prices shot to the upside today, today’s high at 6.68 matches the high from about 2 weeks ago.
Overall today’s move makes the chart look good and was enough to turn the technical up.
Prices are now approaching overhead resistance at the 6.68-6.70 range.
May Soybean Chart
Soybeans prices were disappointing today with an outside day down.
We did hold chart support and we did close near the upper end of the range.
Bottom line is soybean prices have been chopping back and forth over the last couple of weeks leaving the technical chopping.
May KC Wheat Chart
Wheat prices looked good today after testing chart support.
Wheat prices exploded to the upside and closed near the daily high which makes the chart look good and the technical trying to hook upward as well.
Unless we get bearish news it does look like this market may be interested in testing the area of 9.02-9.09.
Recommendations
Questions or Comments
Today’s Prices
Grain markets finished higher today, rumors that Russia may not allow the continuation of the shipping corridor supported the bounce.
Weekly Price Summary
Grain Market News
Corn Production
Grain Market News
U.S. Drought Monitor
Class Change
High Temperatures
Soil Temperatures
U.S. Radar
7-Day Precipitation Forecast
Low Temperature Forecast
May Corn Chart
Corn prices shot to the upside today, today’s high at 6.68 matches the high from about 2 weeks ago.
Overall today’s move makes the chart look good and was enough to turn the technical up.
Prices are now approaching overhead resistance at the 6.68-6.70 range.
May Soybean Chart
Soybeans prices were disappointing today with an outside day down.
We did hold chart support and we did close near the upper end of the range.
Bottom line is soybean prices have been chopping back and forth over the last couple of weeks leaving the technical chopping.
May KC Wheat Chart
Wheat prices looked good today after testing chart support.
Wheat prices exploded to the upside and closed near the daily high which makes the chart look good and the technical trying to hook upward as well.
Unless we get bearish news it does look like this market may be interested in testing the area of 9.02-9.09.
Recommendations
Questions or Comments
Today’s Prices
Grain markets finished higher today, rumors that Russia may not allow the continuation of the shipping corridor supported the bounce.
Weekly Price Summary
Grain Market News
Corn Production
Grain Market News
U.S. Drought Monitor
Class Change
High Temperatures
Soil Temperatures
U.S. Radar
7-Day Precipitation Forecast
Low Temperature Forecast
May Corn Chart
Corn prices shot to the upside today, today’s high at 6.68 matches the high from about 2 weeks ago.
Overall today’s move makes the chart look good and was enough to turn the technical up.
Prices are now approaching overhead resistance at the 6.68-6.70 range.
May Soybean Chart
Soybeans prices were disappointing today with an outside day down.
We did hold chart support and we did close near the upper end of the range.
Bottom line is soybean prices have been chopping back and forth over the last couple of weeks leaving the technical chopping.
May KC Wheat Chart
Wheat prices looked good today after testing chart support.
Wheat prices exploded to the upside and closed near the daily high which makes the chart look good and the technical trying to hook upward as well.
Unless we get bearish news it does look like this market may be interested in testing the area of 9.02-9.09.
Recommendations
Questions or Comments
Today’s Prices
Grain markets finished higher today, rumors that Russia may not allow the continuation of the shipping corridor supported the bounce.
Weekly Price Summary
Grain Market News
Corn Production
Grain Market News
U.S. Drought Monitor
Class Change
High Temperatures
Soil Temperatures
U.S. Radar
7-Day Precipitation Forecast
Low Temperature Forecast
May Corn Chart
Corn prices shot to the upside today, today’s high at 6.68 matches the high from about 2 weeks ago.
Overall today’s move makes the chart look good and was enough to turn the technical up.
Prices are now approaching overhead resistance at the 6.68-6.70 range.
May Soybean Chart
Soybeans prices were disappointing today with an outside day down.
We did hold chart support and we did close near the upper end of the range.
Bottom line is soybean prices have been chopping back and forth over the last couple of weeks leaving the technical chopping.
May KC Wheat Chart
Wheat prices looked good today after testing chart support.
Wheat prices exploded to the upside and closed near the daily high which makes the chart look good and the technical trying to hook upward as well.
Unless we get bearish news it does look like this market may be interested in testing the area of 9.02-9.09.
Recommendations
\Questions or Commentstions or CoWheat prices had a massive move today challenging contract lows of $7.36 overnight last night turning around and closing at $7.85 49 cents off the daily low. This was a massive reversal to the upside, very impressive not only from the fact we closed 44-45 cents higher, but certainly shows up as a significant move on the chart turning the technical indicators up as well. Certainly the wheat market looks like it confirmation of bottoming action today.
Today’s Prices
Grain markets finished mixed today following USDA’s May crop report.
Weekly Price Summary
Grain Market News
U.S. Wheat Production
U.S. Ending Stocks
South American 2023 Production
World Ending Stocks 2023
Grain Market News
7-Day Observed Precipitation
Planting has been aggressive, and we have been getting some good rain across the bulk of the belt.
High Temperatures
In addition, temperatures have been quite favorable.
Upper 70s to mid-80s across the entire corn and bean belt.
7-Day Precipitation Forecast
The forecast calls for rain in the northern plains and far northwestern belt and the southwestern plains could get heavy rain.
Most of the rest of the U.S. corn and bean belt is looking for just moderate rains.
Outlook
The outlook shows warmer temperatures to the north and west, closer to average in the central and east in the 6-10, that carries over to the 8-14 day as well.
As far as precipitation is generally below normal for most of the belt in the 6-10 and the 8-14 except for the far southern region where it could be wetter.
May Corn Chart
Corn is stuck near the lower end of our range.
July corn did close higher today and that was positive, but we didn’t get bullish news.
Corn closed at 5.86, up 4 cents.
May Soybean Chart
Soybeans are near the lows that were posted in March and that’s about the lowest level we’ve seen going back 10 months.
Soybeans are in a downtrend off some highs posted in March and today’s low is very close to the bottom of the recent range.
Beans closed at 13.90, down 16 cents.
May KC Wheat Chart
Wheat prices explode to the upside hitting 8.99 which is the highest level we have seen back in November and December.
Technical indicators are overbought but the wheat market does have some momentum following today’s report.
Wheat closed at 8.46, up 36 cents.
Questions or Comments
