June 18th, 2019 Commentary by Ashton

Good morning! Corn, soybeans and wheat are lower are prices take a breather after the recent rally. Funds will continue to dictate price action.

Weather patterns next week are warmer than average with the 6-10 day forecast showing above normal precipitation for the Corn Belt with the wettest areas in eastern KS, MO, central and southern IL, IN, and OH. How many more soybeans acres will get planted if this forecast proves accurate?

MFP 2 details coming in about two weeks, details look murky.

Have a great and safe day!

July/Sept Spreads: 
Corn: 6 ¼ carry.
Soybeans: 13 ¾ carry.

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