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Market Update

Jul 24 Corn close 4.6125


Dec 24 Corn close 4.84


Jul 24 Soybean close 12.4525


Nov 24 Soybean close 12.1825


Jul 24 SRW close 6.93


Jul 25 SRW close 7.44


June CAD .7305


Closing Chatham elevator bids

Soybean and corn futures closed positive today, and wheat futures traded both sides of unchanged, and settled lower, with July futures having a 28 cent range for the day. For the week, July corn futures are up 8.75 cents, July soybeans up 18.25 cents, and July wheat up 41.75 cents. Wheat continues to be volatile, ideas around production losses in the Black Sea region due to recent cold weather and frost. There are some that feel losses will be minimal because the crop wasn't advanced enough for damage. This week's US crop progress report had corn planting at 70% complete and soybean at 52%, both were in line with expectations. Winter wheat conditions fell 1% to 49% good/excellent. US export inspections were release on Monday, Corn inspections were strong at 47.66 mil bu, this was up from 39.55 the previous week. Soybeans and wheat were 6.77 mil bu and 7.55 respectively, both on the low end. With 15 weeks left in the calendar crop year for corn and soybeans, the weekly averages need to reach the USDA projections are 40.29 mil for corn, and 12.21 mil for soybeans.

Have a good night.

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USDA reports and schedule

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