Warm and dry conditions will cover all major crop areas Tuesday. This combination will offer some easing of flooding, along with improvement for row crop development and winter wheat harvest. Showers are indicated for the Southern Plains and Midwest Tuesday night. » More DTN Weather Commentary
Posted at 5:59AM Tue Jun 25, 2019 CDT
Quote of the Day
"Motivation is everything. You can do the work of two people, but you can't be two people. Instead, you have to inspire the next guy down the line and get him to inspire his people."
The next USDA report is Acreage/Grain Stocks: June 28, 2019.
Market Comments for June 24, 2019
The market was higher today despite more favorable weather this week for crop development. Temperatures in the Midwest are expected to turn warmer which will help accelerate corn and soybean growth. Crop progress this afternoon is expecting corn planting at 98% completed; we are seeing the advancement of this figure not because of actual planting but because there is no more corn “intended” to be planted. Soybeans are estimated at 87% planted, up 10 from last week but behind the average by 8 points. We will see the first soybean condition estimates today, traders are guessing beans at 57% in Good/Excellent condition.