Reminder all ballots need to be received by Eide Bailly by 5pm on Wednesday June 17th.
Export Inspections released at 10:30 today.
Corn- Down 2 as of 7:45
Corn traded lower last week with more than adequate moisture in the U.S. Corn belt and no signs of threatening heat. Corn crop ratings remained steady for the third week straight at 74% rated good to excellent. USDA report out Wednesday put U.S. corn carryout at 1.876bb and world corn carryout was raised to 195mmt. Monday could see another neutral to bearish weekly export inspection
Soybeans- Down 7 as of 7:45
Soybean planting progress was at 79% complete falling below the 5 year average of 81% for the first time this year. US bean carryout was lowered to 330mb, world carryout was lowered 3mmt. NOPA will release their May soybean crush report today.
Wheat- Minneapolis Down 7 Kansas City Down 8 as of 7:45
Wheat ended last week on a mixed note. Chicago wheat closing unchanged in the July at $5.04 1/4 while Kansas City July wheat ended 3 higher at $5.26 1/4. Early harvest reports are showing damage to the winter wheat crop.
Wet weather is slowing down harvest down south, and other regions of the world such as Russia and Canada are seeing dryness concerns.