Monday June 21, 2021

  • Markets are mixed this morning after some extreme swings at the end of last week 
  • Widespread rains across the weekend – varying amounts of rains have been reported 
    • Even though some areas received very little rain over the weekend there is more optimism for rains in the forecast 
    • Overall even in the areas that received less than expected or less than ideal, it was still at least some moisture to keep them going and 
  • Overall production potential is looking better today than it was a week ago with rains received last week and the current forecast 
  • This last week shows just how temperamental this market is and just how quickly things can flip 
  • We still have a little over a week before the official USDA planted acres report comes out and set the tone for the summer