CME GRAINS: Corn: $6.5925 (+4.00); Soybeans: $14.15 (+19.00); Wheat: $6.615 (-1.25)
US Cattle Report by National Beef Wire
STOCK UPDATE: Dow 30: 33,813.98 (+523.90); Nasdaq: 14,124.77 (+94.39); S&P 500: 4,216.73 (+50.28)
Market Update
Short Range Weather Forecast: Claudette Moving Across the Southeast; Storms Across the Northeast (View Report)
Weather
SCHWIETERMAN CORN: There were some good rains in parts of the Corn Belt over the weekend and there are forecasts for rains this week (VIEW REPORT)
NBW Market Commmentary
SCHWIETERMAN WHEAT: Wheat gains were impressive on Friday, but the wheat complex was weaker overnight, probably thanks to the corn and soybeans
Wheat
SCHWIETERMAN SOYBEANS: The soybean complex is our weak link right now. There was a decent comeback on Friday, but it still pales in comparison to the previous losses
Soybeans
SOYBEAN EXPORTS: Net sales of 65,300 MT for 2020/2021 were up noticeably from the previous week and up 51 percent from the prior 4-week average (VIEW REPORT)
Exports
CORN EXPORTS: Net sales of 18,000 MT for 2020/2021 were down 91 percent from the previous week and 95 percent from the prior 4-week average (VIEW REPORT)
Exports
WHEAT EXPORTS: Net sales of 287,100 metric tons (MT) were reported for delivery in marketing year 2021/2022 (VIEW REPORT)
Exports
TODAY'S WEATHER: A stunning, early-season heat wave continues across much of the nation’s southwestern quadrant. On June 16, Las Vegas, Nevada (116°F), and Grand Junction, Colorado (105°F), were 1°F shy of respective all-time station records (VIEW REPORT)
Market Update