6/24/24
Corn down 2, Beans up 15, Wheat down 9

Crude Oil-81.66 up .93
US Dollar-105.48 down .31
Dow Jones-39,440.57 up 290.24
 
Soybeans probably have whiplash after today’s trade. Beans pushed higher overnight, were in the red by the mid-morning break, and rallied just before the close. The wicked price action can be blamed on trader’s bull spreading just ahead of first notice day. Corn started the day with double digit losses but was pulled off its lows by a potential drop in condition ratings after days of scorching heat. Although, the pattern of wet and warm weather will return this week, bringing perfect, tropical-like growing weather to the palm trees of the Midwest. Wheat hit the floor, again…… on harvest pressure.
Brynna

 
 
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