Russia’s Deputy Prime Minister said Russia plans to increase their oil production in July as countries like India and China are buying up the cheap Russian oil.
Grain, livestock, and dairy markets close Friday afternoon and do not open until Monday evening, in observance of Juneteenth on Monday the 20th.
Extreme heat and humidity have killed at least 2,000 head of cattle in Kansas according to the Kansas Department of Health and Environment.
The corn market is going to continue to be reactive to what the weather model forecasts are predicting for precipitation as the next 5 days appear to be dry for most of the Corn Belt. Any change in forecasts will be quickly reflected in the markets.
Corn was higher last morning making new highs for the week and holding close to their highs.
Grain markets rallied today on a sharply lower U.S. dollar index taking its biggest one-day decline since late March of 2020, roughly the time COVID hit the world.