June 22, 2015
Producer Marketing Manager
CORN: As of 7:45 – Steady
Moisture and severe weather events have been very common across the upper plains over the past 4-5 days. Friday’s Cattle on Feed Report was mostly in line with trade expectations. The trade is expecting lower crop ratings again this week…..we’ll see for sure at 3:00 pm today.
SOYBEANS: As of 7:45 – Up 7
Watching soybean planting progress this afternoon to gauge progress and what will get planted or Prevent Planted, especially across the southern corn belt. Overnight trade is higher on concerns of acreage…… November futures are trading higher as well and just shy of the 100 day moving average at $9.49 ½.
WHEAT: As of 7:45 – UP 5-6
HRW wheat harvest is back in action this week with improving weather conditions. Looks like good progress was made over the weekend.