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6-1-26   Planting progress %
            TW       LW       OH
Corn     93       86        73
Beans   87       79        68


6-5-26
Grains posted huge losses to end the first week of June.  Traders see zero threat to the crops with nearly perfect weather on the horizon.  Funds took the opportunity to trim their large (almost record) long positions.  Updated fund positions will be released at 4pm today (CFTC report) but data is as of Tuesday June 2^nd.  The good news is that US grains are now competitive again in the world marketplace.  We could see export sales pick up in all 3 crops.  It’s been a tough week for the market, leaving producers in shock at how fast we have fallen.  Algos and funds have really flexed their power this week in what maybe the “new normal” for the grain markets. 



 6-4-26
The bears are in total control of the grain markets.  Selling has picked up as it feels we are at or near total market capitulation.  The technicals, trends, & momentum all pointed down.  Weather forecast could be considered “ideal” for much of the Midwest.  Wheat harvest will start to pick up steam in the south and west (HRW areas) but drought/crop stress has been largely “priced in” the market.  Corn and bean futures are nearing long term support levels that need to hold or we could be in trouble.  (another leg down)  The doom and gloom of the CBOT is becoming overwhelming.  The bight spot (if there was one) is local basis strong compared to our counterparts out West. 



6-3-26
There appears to be no end to the liquidation on the CBOT as grains fell hard again today.  Chart support levels failed to hold across the board which accelerated algo selling in all three crops late in the day.  Weather is nearly ideal across the belt for early June.   It’s just dry enough in the ECB to finish up planting while wet enough in the west to get those plants off to the races.  Grains have recently distanced themselves from the Iran war and are back focusing on fundamentals. 


 
6-2-26
Futures continue to leak lower as weather remains non-threatening and crops are off to a good start.  Planting progress numbers were 93% complete in corn and 87% in soybeans.  (basically done) Funds have liquidated sizable net longs recently as weather premiums disappear.  Technicals turned negatived but at some point, we will find stability as we are along ways from the crop being “made.”  Locally producers are back in the field and should be finished up by the weekend.