June 24, 2013
Producer Marketing Manger
Corn: As of 7:45 – July Down 8, Dec Down 13
Weather conditions for most of the country is OK to Good for crop development and has the market weaker overnight. Crop conditions due out this afternoon are expected to show an improvement in ratings. Reminder - Friday is the June Quarterly Stocks and Acreage report!
Soybeans: As of 7:45 – Aug Down 10, New Crop Down 14
Much of the same in soybeans. Better ratings are expected in today’s crop condition report. Maybe some problem areas illustrated in the chart below……14 day precip amounts!
Wheat: As of 7:45 – MPLS down 2, KC Down 6
Harvest is progressing into KS and reports are mixed. Eastern Ks yields have been great, TW good, but protein levels have been disappointing on early results.