Wednesday June 15th 2022

  • Markets are mixed this morning with corn and beans up slightly due to an anticipated heatwave across the growing region and wheat down due to beneficial weather for the spring wheat that will also be good for wheat harvest
  • Marketers will have their attention on the federal reserve meeting today which is expected to raise interest rate by 75 points
  • President Biden made a statement yesterday that America would make commitments to help Ukraine ship and store grain which should ease the markets concern that this upcoming harvest will have nowhere to go
  • Still watching northern planting delays as we could see more bean acres at the the expense of corn