Monday June 6, 2022 By: Eric Peterson
Corn trade higher overnight with the July contract trading a ten cent range. Support came overnight as Russia’s army hit some of the remaining Ukraine export facilities. U.S weather appears to be mostly favorable for crop development. Look for mostly higher trade today with continued distress in the Ukraine.
Soybeans traded higher overnight but weaker in the close. The market followed the strength in the corn and wheat markets. The U.S farmer continues to get soybeans seeded while battling wet fields, overall growing conditions look favorable. Look for mostly higher trade today.
Spring wheat was higher off the open last night as global food and geopolitics dominate headlines and money flow. News of Russia striking another major Ukraine export facility supported the market overnight. Look for continued strength today.
Compass contracts are a great way to market your new crop by pricing grain daily at a fixed higher futures price. Below are today’s closing bids for two types of compass contracts we offer. If you would like to make an offer or would like more information please give me a call at the office. (All compass contracts have a 48 hour probation period.)
|Price Builder Bonus||Daily Price Plus||Futures at 8:00am|
|Old Crop Premium||New Crop Target||Trigger Dat|
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