Tuesday June 30, 2016, 6:35 a.m. - Corn and soybeans were negative yesterday and wheat was positive. Overnight the markets are mixed with corn and wheat positive and soybeans are negative. Currencies have been fluctuating strangely with the Greece debt crises. Our dollar is currently trading at $0.807 U.S.. Lots of data to be released today with the USDA final planting numbers and their stocks and usage reports. Stats Canada is also releasing data on crop sowings here north of the border. Yesterday the weekly crop conditions report was released in the U.S. with conditions deteriorating slightly. This is mostly due to the recent wet weather in the U.S.. Corn is at 68% good to excellent, down 3% week to week, and soybeans are reported at 63% which is 9% lower then last year. Soybeans are now reported at only 94% planted with continued delays due to wet conditions. Strong possibility of some major movement in our markets today, target pricing can help to take advantage of short term spikes. Please call Geoffrey Guy at 613-880-2707 if you would like any direct ship pricing. Prices quoted herein are for product at our elevator.
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When Tropical Storm Bill exited the U.S. on June 21, it left behind rainfall totals of 4 or more inches in eight states: Arkansas, Illinois, Indiana, Louisiana, Missouri, Ohio, Oklahoma and Texas, according to the Weather Channel.
In this week's Crop Tech Corner, a community of Arkansas farmers have successfully banded together to slow the spread of herbicide-resistant Palmer amaranth, researchers are testing more flood-tolerant soybean varieties, and scientists confirm that high heat hinders the effectiveness of HPPD-inhibitor herbicides.