- Corn 3 to 5 lower
- Soybeans 1 to 3 lower
- Wheat 4 to 6 lower
- Basis Flat
- Live Cattle 148 higher (248.10)
- Lean Hogs 33 lower (94.70)
- Dow Jones 115 higher (52,122)
- Crude Oil 245 lower (73.43)
A slow and lower trade is unfolding to start the week as crude oil is sharply lower and dragging the bio-fuel markets lower with it. The weekend saw progress and continued negotiations with Iran on permanently re-opening the Straits with the US also approving a plan for the immediate sale of Iranian oil that has been stuck on tankers in the Persian Gulf for months. With falling energy prices and a better flow of fertilizer and other products through the Straits, the general inflation trade continues to be unwound by the funds. Weekend Corn Belt rains and the forecasts for more heading into late month are also adding some pressure to today’s trade. Chinese trade actions will be closely watched as a demand story needs to emerge to offset the bearish energy markets and the lack of US weather concern.
This will be today’s only comment, but the market moving forces into the June 30th acreage report continue to be good US weather, falling energy prices and the hope of Chinese trade.
Sales Targets
Corn
Beans
Wheat
- 2025 Crop Finished Finished Finished
- 100% Sold at $4.48 Avg 100% Sold at $10.67 100% Sold at $6.24 Avg
- 2026 Crop On Hold - Dec ‘26 On Hold – Nov ‘26 On Hold– July ‘26
- 60% Sold at $4.78 50% Sold at $11.05 65% Sold at $6.24
- Current Price $4.40 $11.44 $5.99
- 2027 Crop On Hold - Dec ‘27 On Hold – Nov ‘27 On Hold– July ‘27
- No Sales Yet 10% Sold at $11.50 25% Sold at $7.15
- Current Price $4.69 $11.27 $6.53
%’s are total of expected yields. Bold Prices are Updated Sales Targets. * price includes trading
Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction. No market data or other information is warranted by Reliance Capital Markets II LLC as to completeness or accuracy, express or implied, and is subject to change without notice. Any comments or statements made herein do not necessarily reflect those of Reliance Capital Markets II LLC, or their respective subsidiaries, affiliates, officers or employees. Disclaimer: Past performance is not indicative of future results. Strategic Trading Advisors is a registered DBA of Reliance Capital Markets ll LLC.
About Jody Lawrence
Jody Lawrence has been in the commodity brokerage and agriculture marketing business since 1992 and started Strategic Trading Advisors in 1999 and runs it today with his son Brady. The daily market comment his company publishes has over 7000 subscribers in 33 states and 3 countries and provides a concise overview of the world markets with ideas on farm hedging and marketing. Jody also travels the country giving 60-70 marketing meetings a year through his 22-year strategic partnership with Helena Agri-Enterprises.
About Brady Lawrence
Brady Lawrence is an Agriculture Market Specialist and Financial Advisor that focuses on commodities markets, futures and options brokerage, and helping individuals and families plan for retirement and their financial futures. Brady joined Jody at Strategic Trading Advisors in 2018 after college and supports the market research and brokerage sides of the business.