The grain trade fully lower today, as the waterline slowly moves East from Nebraska into some of the drier areas.

Today's grain trade has further weather concerns pushing corn higher, but reversals occurred as the market became overbought. We will continue to have poor exports in the future, which is similar to what has been going on over the past two months. Corn is $4.60 out of Brazil, and the US will be selling much.

Wheat and soybeans are not holding any gains on the session, while corn pushes double digits higher.

In today's market talk, we discussed how the USDA came up with increasing yields around the world and put a surprising world carryout number much higher than that even the highest gas had planned for.

Grain prices broke hard last night on improving the euro weather model for rain next week, while the GFS this morning started reducing rains for next week, and so up we go.

An extremely chaotic day today while the wheat market continues to crumble despite crop concerns and Australia and Russia, while rains put pressure on new crop corn and soybeans. Old crop soybeans had a different outlook for the day, which included strength.

Yes, there was a dam in Ukraine that gave way, but that didn't destroy any production of wheat in Ukraine. It's the threat of possible nuclear reactor issues which could threaten the crop, but we debunked that along with discussing the crop ratings and whether.

Russia is suggesting there'll be no grain corridor after mid-July, but does it they'll be no grain corridor after mid-July, but does it really matter as wheat continues to move from Russia at extremely depressed levels. Weather forecasts today show hope for rain in the Midwest around June 17.

The grain trade was knuckled lower to start the week on prospects of rain for June 12 through the 15th and dry central Illinois and eastern Iowa area, and the forecast since Wednesday has been pulling that rain to the West, which has excited the markets to new highs today over last week's highs for […]

Fundamental data does not carry much strength anymore as weather markets that are focused on Iowa and Illinois create the action.