Thursday June 25, 2020

  • Strong chance of precipitation popping up on the 5 day forecast and beyond for the U.S., overshadowing any dryness concern for this week 
  • The looming quarterly stocks and planted acres report also weighs on the market as we will have to face in writing again the hefty supplies we are sitting on as well as decent production expected for 2020 
  • Ethanol production rebounded for the eighth straight week this week – still not within the range of production we have been in the last 7 years but closing the gap 
  • Weekly export numbers were nothing to get excited about, corn and beans weekly sales coming in on the low end of expected range, wheat within the expected range but on the higher end