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Highlights, Wheat, Markets & Rain Days Update 6/18/22


Weekly Basis Report will be delayed until Sunday.

Yesterday morning the USDA reported the sale of: 144,907 mt of new crop corn to Costa Rica 105,664 mt of old crop to unknown

Considering crude oil lost $8 yesterday and some showers were added midday to the Indiana and Central Illinois forecast, corn and beans held in there pretty well. Not so with wheat, but then crude oil has almost nothing to do with wheat. Wheat should have been down more than the 40+ cents it was.

We are shocked how many experienced grain people are totally baffled that wheat was down 40+ cents yesterday.

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