Tidbits, NOPA Crush & Oilseed Prospects, Oil Anxiety, Corn Decisions 6/18/25
- Wright team
- Jun 18
- 5 min read
Tidbits
After the markets close today, they will not open until Thursday evening in observance of the Juneteenth holiday.
This is the single most important week of the year for corn marketing decisions. The seasonal trend turns lower on Sunday. Corn futures price usually makes its low for the year between late July and mid-September.
Fundamentally, corn should be well over $5. Is a 15.8 billion corn crop already priced-in? Please read today’s Weekly Summary and Recommendations and make a decision, even if the decision is not to sell. Do not miss a sale opportunity because of indecision. Check the soybean comments there as well.
May soybean crush was reported by the National Oilseed Processors Association (NOPA) on Monday. At 192.829 million bushels, it was less than the 193.15 million expected, but it was the 8th largest monthly crush ever, up from April and almost 10 million bushels (5.4%) more than a year ago. Soy oil stocks, at 1.373 billion pounds, are at a 21-year low for May, 20% less than a year ago, and well below the market expectation of 1.451 billion pounds. Higher crush with declining stocks is a bullish setup.
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