Wednesday June 19, 2024

  • Wheat futures down again yesterday with the efficient pace of US winter wheat harvest as well as an improving spring wheat crop
  • Flooding in the forecast for the Southern US Plains
    • Extreme heat in the Midwest this week
  • China’s May corn imports fell by 11% from April, hitting a one-year low
  • July-November soybean futures spread have posted the biggest inverse since January
  • Price or roll date for basis contracts over July futures is June 26th