6/30/22

Corn down 36, Beans down 11, Wheat down 46
Crude Oil-105.76 down 4.02
US Dollar-104.69 down .41
Dow Jones-30,775.43 down 253.88

Ouch… rough report day. Ahead of the report grains were mixed as funds placed their final bets. Soybeans tried to rally after the report on fewer than expected planted acres. But quickly turned south after a higher-than-expected domestic stock number overshadowed the acres lost. Corn traded both sides before falling deep in the red on two bearish numbers: larger number of acres planted and higher than expected domestic stocks. Wheat couldn’t find solid ground as funds continued to take profits after seeing a big domestic stock number on the report.

Brynna