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Tidbits, Estimates, Weather, Export Sales, Markets & Rain Days Update 6/30/23

Highlights


Today is the last business day of the week, the month and the quarter and there is only one business day (Monday) until the middle of next week. Throw-in the changing weather forecasts and the war in Eastern Europe, you better get a seat belt for your office chair.



December corn settled yesterday below the gap made the first week of June on the daily chart. Technically, bad news if one wants corn to go higher. However, the settlement was 38¢ above the May low, so a long way from being a complete technical breakdown.

There was a probable derecho in Nebraska early yesterday morning and another in Central Illinois yesterday afternoon. A lot of damage, but how big an area is unknown at this time. There was a derecho on the same date during the 2012 drought.

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