Bottom Line grain analysts wonder if the grain trade is getting a little ahead of itself here in early June. Corn, soybean, wheat futures all seeing lower lows on a regular basis.
Wheat in fact is lower 10 sessions in a row, even with conditions here at harvest the lowest in 37 years. Harvest pressure is here, combines rolling in Texas, and Oklahoma, but China reporting lodging issues in their largest production area. Australia looking at their smallest crop in three years.
We see Kansas City, July below that 625-626 area as a place to step in. Now no immediate weather issues for corn and soybeans, but again watching December corn, should it go below 455, November soybeans below 1170 areas to step in.
/audioAudio Reporting by Mark Oppold for Southeast AgNet.