Commodity Comments: 

6/11/2018

Crop Progress Report was released this afternoon:

Corn emerged is sitting at 94%, 2% above the 5 year average.

Soybeans planted are sitting at 93% and emergence is at 83%.

Spring wheat emerged is sitting at 97% planted, which is 3% ahead of the 5 year average.

Good to Excellent Ratings on corn are at 77%, soybeans are at 74%, which is down 1 from last week on both commodities.  Spring Wheat is sitting at 70%. 

Beneficial rains over the weekend, a weaker crude market, and additional tariff talk helped to push all commodities lower today.  

The monthly USDA report will be released tomorrow at 11am.  The June acreage report will be released at the end of the month.      

As always, Thank You for your business. Have a good night!

 

Tiffany Heier