Market Report

Sept Corn +2 ½ @ 4.37 ¼

Dec Corn+3 ¼ @ 4.48 ¼

Aug Beans +3 ½ @ 10.35 ½

Nov Beans _4 @ 10.26 ¼


Grain Markets:

It feels like there is so much to talk about with the 180 degree shift in fundamentals on June 30th after the release the USDA stocks report.  before the dust settled, anticipation of yet another report caused new buyers to enter the market giving us a nice rally starting Thursday last week.  The trade felt the July 10th USDA Supply and Demand report would provide a reduction in yield expectations.  However the USDA left yields unchanged.  This would be seen as negative, but the buyers still came, posting new highs in December corn reaching the contract high of $4.49 and November Soybeans reaching $10.36.  It seems buyers really want to buy, despite somewhat negative news.  This is quite a shift from just a few weeks ago when there was record selling.  Looking forward, many traders are still confident we will see a yield estimate reduction in the USDA August report.


To summarize Friday’s report charts provided below:



*Yield was left unchanged, but will be updated in the August S&D report
**Acres were pulled from the June 30th Planted Acreage report 


It always feels better when we are in a bull market……when buyers keep grain supported.  We are still seeing some weather still remains our primary focus as well which continue to add premium to grain prices.  Hopefully this will continue to push the bullish excitement and provide more selling opportunities moving forward.


Strategy: It seems a shame not to reward such a nice rally with a sale.  With the strength in the market, and question of what is yet to be seen as far as market potential, it may be wise for producers to look at using some sort of floor strategy to protect the bottom, yet participate in upside potential.


Greg Mockenhaupt

ProEdge Risk Management Consultant

P: (402) 685-5613 | C: (402) 380-9855 |

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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