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Daily Ag Direction 6/13/24Good Thursday Morning! The USDA didn't offer many suprises to wheat with the WASDE report yesterday. They did increase HRW production to 726mb and showed harvest at 71% complete. Trade saw some selling pressure in the overnight and into the day session. The corn market has trended higher with summer weather approaching. Producers seem to be hesitant to sell a futures number below $5. USDA didn't make many changes to corn with their WASDE report. Market patiently awaits the acreage report from USDA at the end of June. July ’24 KC Wheat +.05 @ $6.3775 July ’25 KC Wheat -2.75 @ $6.78
July Corn +5.25 @ $4.595 Dec Corn +6.5 @ $4.7525
July Beans +9.25 @ $11.865 Nov Beans +8.5 @ $11.5575
Sept Feeders -1.20 @ $257.275 Aug Live -.275 @ $178.05
Please reach out to your CEA Risk Management Advisor if you have any questions. Have a great day! |
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