Tidbits, Market Comment, NOPA Crush, Crop Progress, ENSO, Export Inspections 6/15/26
- Wright team
- 1 day ago
- 4 min read
Market Comment
The grain futures will not trade this Friday, 19 June for Juneteenth Day. After this week’s three day weekend, two weeks later will be another three day weekend with the 4th of July.
July grain options expire on 26 June, that is a week from this Friday.
Long July futures and basis contracts must be rolled or cashed out by the close of business on Monday 29 June. Your grain merchandiser may have house rules that require July basis contracts rolled or liquidated before the 29th. Check with your merchandiser to avoid surprises.
The most important USDA report of the year will be issued on 30 June, two weeks from today. It will be the Actual Planted Acreage Report for 2026 harvested crops and the Quarterly Grain Inventory (Stocks on All Positions) Report. The wheat inventory will be the old crop carryout and the new crop carryin. The corn and bean inventories will be the bushels on hand in the U.S. as of 1 June, which will be after nine months of the marketing year. With just two months of the old crop corn and bean marketing years left on 30 June, the USDA may have to make some radical adjustments to their projected carryovers based on the 1 June inventory.
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