BASIC & RECENT MARKET INFO

Highlights After this Friday’s close, the agriculture futures will be closed until 8:30 AM Central Tuesday. Today is the day your July basis and long July futures need to be cashed out or rolled to avoid any chance of being assigned a cash grain delivery on a long July futures contracts. Holland’s government closed dozens of farms and cattle ranches to reduce nitrogen by 30%. Angry farmers block the nation “everywhere.” Soon hungry consumers will join the farmers. Corn/Soyb

Highlights Shanghai and Beijing have begun lifting COVID restrictions. The market thinks that will improve demand for US corn and beans. AgRural raised their Brazilian corn production 1.5 million mt to 113.8 million. Of the total, the second corn crop is down slightly. Yesterday, the corn basis at the Gulf was steady for June and down 1 cent for July. The Gulf bean basis was steady June through August. Ukraine seeded 4.6 million hectares of corn this spring. That was 900,0

The market expected corn conditions to lose 1% from the good and excellent categories; nope, corn conditions lost 3% out of the top two categories and the poor and very poor categories both gained 1% each. The market expected the soybean condition to be unchanged in the top two categories; nope, bean conditions lost 3% out of the top two categories. Like corn, the bottom two categories both gained 1%. For the corn and bean crops to lose 3% out of the top two condition

Highlights A Russian missile hit the port city of Mykolaiv. Ukraine initially said there was slight damaged a Cargill Grain facility. Pro-Ukrainian press is making it sound like we will all starve to death in a matter of months. We are guessing the high for the day was made last evening. Belarus stated this morning that the rail transportation of Ukrainian grain through Belarus is not going to happen given the EU sanctions Belarus. The 6 to 10 day and the 8 to 14 day forec