Overnights, not too bad

[BA Deere]

Corn down 8 to 9, beans up 3 to 4.   2" to 3" of rain predicted for dry areas.  But in a few hours we`ll see what they`re really going to do with us.   🙂    Oil & RBOB gas is higher.

Retired ISU extension  Steve Johnson was on with Chip Flory and said it`s getting the feel of 2012 where markets rallied to August 10th and dropped on the rumor of the RFS getting cut.  So a caution all it takes is a rumor to take away the punchbowl and back we go to the "cheap food" policy.

[lsc76cat]

And here I thought markets didn't open until this morning at 8:30.  Silly me.

[BA Deere]

You aren`t silly Lsc76, They associated those prices at this time.  Maybe they didn`t clear the board from last week, but they should have it blank.   But I suppose it will open at 8:30 and down 50¢ and $1

Export to Spreadsheet

Burchinal
Name	Delivery Start	Delivery End	Basis Month	Futures Price	Basis	Cash Price	Fut. Chg.
Corn	07/01/2021	07/31/2021	Sep 2021	592-0	97.00	$6.89	-9-6
Corn	10/01/2021	10/31/2021	Dec 2021	579-6	-30.00	$5.50	-9-2
Corn	12/01/2021	12/31/2021	Dec 2021	579-6	-24.00	$5.56	-9-2
Corn	01/02/2022	03/31/2022	Mar 2022	586-2	-27.00	$5.59	-8-6
Corn	04/01/2022	05/30/2022	May 2022	590-2	-27.00	$5.63	-8-4
Corn	06/01/2022	07/31/2022	Jul 2022	587-4	-27.00	$5.60	-8-6
Corn	10/01/2022	10/31/2022	Dec 2022	503-2	-35.00	$4.68	-2-0
Corn	12/01/2022	12/31/2022	Dec 2022	503-2	-28.00	$4.75	-2-0
Soybeans	07/01/2021	07/31/2021	Aug 2021	1433-2	0.00	$14.33	3-4
Soybeans	10/01/2021	10/31/2021	Nov 2021	1399-0	-60.00	$13.39	3-4
Soybeans	10/01/2022	10/31/2022	Nov 2022	1271-0	-65.00	$12.06	4-2
All grain prices are subject to change at any time. Cash bids are based on 10-minute delayed futures prices, unless otherwise noted. Prices current as of 6:48 AM CST - Provided by cmdty

[roarintiger1]

Probably a good thing it didn’t trade overnight. 

[Hobbyfarmer]

Hope they are having fun.

[Hobbyfarmer]

rain makes grain

What do sprinkles make?

Gray hair, worry lines, markets go down.

The Brazilian, Paraguay droughty, late  planted  frozen corn thing is not factored in yet.

The extent of damage in our nw grain belt is the unknown, but starting to be significant.

Absolutely no guarantee what's gonna be left of it will not suffer an early frost too just for bonus points.

Very poor coverage of a meaningful rain event up there,  So far.

Basis will have to do any lifting of cash prices for at least the near term.

I have been spraying beans last few days, what a Hodge podge out there.

This morning going through beans hitting front axle to drown out spots full of mud yet, all in same pass. The June 4th replant beans need help, that week of wet cool cloudy weather just after they came up did them no favors. Still yellow.

Well all I can say is it is an interesting journey we are on.

Keep your stick on the ice...

[erikjohnson61y]

Hey, but Cotton is up a penny!!!

[rsbs]

BA, your looking at Friday's close and thinking it was the current activity today reminds me of a day when the clouds were all dark around us, we were playing volleyball in the park, and it just showered a little, and I made the comment " wow, looks like it missed us!"

Then the storm came back with a vengence and it rained and rained and rained....nearly ten inches.

Hope this isnt like that, but you never know

"Wet or Dry....sell before the fourth of July"

[roarintiger1]

Well, it is before the Fourth of July, 2022. 
Plenty of time to sell.😉