Market Report


At market close

Sept Corn – ½ @3.92

Sept Beans -3 ¼ @ 9.94 ½

 

Morning markets opened strong and remained strong for most of the morning, but finishes in negative territory.  This afternoon  we saw Crop Ratings Good to Excellent fall 3% in corn and fall 2% in beans,  which was in line with expectations.

 

Likely to see some positioning or a two sided trade as we approach tomorrow morning ‘s 11 AM USDA Crop Report.  More info to come via email tomorrow post report.

 

The trade continues to focus on weather as the primary story.

 

Strategy: If you need to make a sale, reward the rally, in addition, make a high priced offer to cash in on potential report volatility.  Example of a high price offer is $4.30 for Dec corn ($4.32 is limit up)

 

Invitation:

ProEdge Grain Marketing meetings are available post report, I will be discussing the current market info along with Russ and Dave at these events below.  “Coffee with the ProEdge team”

East Hub July 1st 9am

West Point July 2nd 9am

Hooper Fire Hall July 7th 9am

 

Greg Mockenhaupt

ProEdge Risk Management Consultant

P: (402) 685-5613 | C: (402) 380-9855 | Greg.Mockenhaupt@cvacoop.com

1007 County Road O

Oakland, NE 68045

About katcountryhub
I am a graduate of Northeast Community College with a degree in journalism. I am married to Jeff Gilliland. We have two grown children, Justin and Whitney and four grandchildren, Grayce, Grayhm, Charli and Penelope. I will be covering Lyons, Decatur, Bancroft and Rosalie and am hoping to expand my horizons as time progresses!

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