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Gary's Blog 06/09/26 1:58:21 PM
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6-8-26 Crop ratings G/E %
TW LW OH
Corn 67 67 45
Beans 65 66 47
6-9-26
It was an uneventful day in the grain markets. Forecasts continue to show rain over the heart of the belt into June 20th. It’s hard to get bullish with rain, in June, on freshly planted crops. Some might start to argue that it’s too much, but markets rarely rally on too much moisture in June. Producer selling has been minimal on the decline which has helped basis improve as end users look to refill the pipeline. Wheat harvest is approaching fast with some early reports in the south showing some quality issues. Head scab is likely going to be a problem with the recent weather over the SRW areas. Updated harvest reports will be posted as they come in.
6-8-26
Markets are trying to stabilize after last week’s massive selloff. Corn and wheat are holding onto small gains while beans were off slightly. Grains are in oversold territory and are ripe for correction. Mother nature has so far been kind to the 2026 crop with plenty of moisture and good growing conditions for the Midwest. Updated planting (virtually finished) and crop condition ratings will be released tonight at 4pm. Until the something threatens the crop or demand changes bulls will have a hard time holding on.
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