Wheat

Vince Boddicker, Farmers Trading Company, says old crop corn made another new low for the move overnight with national crop ratings improving by 3% to 71% good to excellent. The corn complex continues to face headwinds from weather, with no major threats on the horizon.

Chuck Shelby with Risk Management Commodities says Monday’s action in the grain markets was disappointing as the funds came back into sell in the grain complex.

Garrett Toay with AgTraderTalk says grains also saw mostly higher weekly closes mostly as a result of technical buying.

Jeff Hoogendoorn, with Professional Ag Marketing, says hogs ended mixed Wednesday, consolidating after the recent rally driven by higher cash and cutouts. While soybeans rallied after the Trump/Xi call.

Corteva Forcivo will feature three modes of action to address foliar diseases in corn, soybeans, wheat and other crops via overlapping preventive and curative activity.

Mark Knight with Farmers Keeper Financial says grains opened higher on news of a call between President Trump and Chinese President Xi then traded on both sides of steady.

Initial ratings for top producer, North Dakota, were just 37% good to excellent.

A 25-page criminal complaint alleges the researcher and her boyfriend were attempting to bring Fusarium graminearum into the country. The fungus causes significant diseases in a number of food crops, including corn, wheat, barley, soybeans and rice. Toxins from the fungus are harmful to humans and livestock.

Tommy Grisafi of Nesvick Trading says it was a risk on day in the grains as they attempted to add weather premium on the hot, dry extended forecasts. “I feel like these markets have very little if any weather premium.”

Don Roose, U.S. Commodities, says corn and soybeans finally bounced Tuesday after closing lower for several days. He says both markets were adding risk premium and scored reversals.