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Gary's Blog 06/23/26 1:02:38 PM
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6-22-26 Crop ratings G/E %
TW LW OH
Corn 68 68 57
Beans 66 66 55
6-23-26
It was a mixed session on the Chicago board of trade. Wheat harvest pressure is starting to show up while yield reports have been disappointing so far in southern Ohio. The summer row crops have leveled off and are in search of fresh news. Funds are now net short the corn market, which isn’t unusual for this time of year given the weather so far. Demand is strong but the acres report (June 30th) could be the next big market mover. There remains an open chart gap just below today’s trade in July corn that could be tested/filled in the next few sessions before we switch to September. (some believe religiously on gaps getting filled) New crop beans have held firmly near the $11 cash level. Focus will soon shift to the upcoming crop report and then July weather.
6-22-26
Selling returned to the CBOT after a long 3 day weekend. Non-threatening weather this time of year usually means the bears are in charge of price direction and that’s exactly what we are seeing. Updated crop ratings will be posted at 4pm today. Rain makes grain in Chicagoland.
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