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Gary's Blog 06/30/26 5:34:30 PM
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6-29-26 Crop ratings G/E %
TW LW OH
Corn 67 68 62
Beans 65 66 57
6-30-26
Report
2026 acres
June Mar
Corn 95.3 95.5
Beans 85.3 84.7
Stocks June Avg Est
Corn 5.295 5.408
Beans 1.061 1.046
The report was neutral on the surface as acres remained similar to the March intentions report. The only real surprise (if you can even call it that) was the corn stocks number. We saw a slight decrease from early estimates but still well above the previous year. The fact that traders responded positively to this data might indicate all the negative doom and gloom was baked in. Let’s hope we can build on this momentum and keep the rally going.
6-29-26
It was a brutal day in Chicago as mass liquidation hit the CBOT. A change in the forecast had traders pushing futures to new lows in the corn market. The heat isn’t expected to last more than 5 days now and the dryer areas of IA/MN/IL got some much-needed rain just prior to the dome of doom setting in. Whispers of the heat actually being beneficial are making the rounds in some circles. (areas that have been plagued with too much water and yellowing beans) Wheat harvest is officially underway in NW Ohio. Please check the website for updated hours. Tomorrow will feature the all-important Acres report at noon.
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