Boris Yeltsin was elected as the President of Russia in the country’s first democratic election, on this day of what year?
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Grain Market Insight
Morning Grain Comments 6-12-2026 – The grain markets ended the night session steady to lower with all of the grains opening the session steady to lower and traded both sides of Thursday’s closes during the session. The StoneX Quick Editorial (QE) this morning stated, “grain volume was heavy overnight as corn followed through on yesterday’s post-USDA losses to fresh lows; crude oil continues to weigh heavily at two-month lows, despite the continued lack of a deal with Iran…”. In world grain trade news, MFG in South Korea has tendered for 60,000 tonnes of soybean meal and FLC in South Korea purchased 60,000 tonnes of optional origin soybean meal and up to 2.7 million bushels of optional origin corn. At the end of the night session at 7:45 this morning Kansas City July wheat was 2.5 cents lower, Chicago July corn was even with Thursday’s close, and Chicago July soybeans were 0.75 cent lower. Have a wonderful day and weekend.
Afternoon Grain Comments 6-11-2026 – The WASDE was pretty ho-hum today and with nothing to push markets higher, they do what they do and go down. The U.S. wheat carryout was steady from last month but the world wheat carryout did drop a bit and hard red winter wheat production in the U.S. was lowered by 18 million bushels which was a 5.4% drop from last month. The StoneX afternoon comment for corn stated “The USDA didn’t disappoint the trade as it made mostly predictable changes in the WASDE report June 11, 2026 today. There was one surprise buried in the data, which was a 14 mmt (550 mbu) of corn production discovered since their May review. The trade had anticipated 5 mmt of the 14 through Argentina (+2 mmt to arrive at 61 mmt) and Brazil (+3 mmt to arrive at 138 mmt)(Conab upped its forecast to 140.5 mmt), but the balance came out of nowhere from India in the form of recently discovered acreage. The USDA balanced out some of the discovered production with a 9 mmt increase in global demand. Yet that left extra ending stocks to weigh down prices and make an impact for two crop years.” The StoneX afternoon wheat comment stated “World production diminished the US’s impact as the USDA showed higher production through Russia (2 mmt to increase it to 88 mmt), Ukraine (.5 mmt to increase the crop to 23.5) and an Australian crop 2 mmt smaller to be 28 mmt. The govt raised demand 1.3 mmt to cover part of the higher supplies but in the end 26/27 carryout increased .4 mmt. The Rosario Exchange increased its wheat forecast to 20 mmt, up from the 18-19 mmt estimate last month. The USDA stands at 21 mmt for Argentina. Black Sea fob values continue cap US rallies as the US export program is in defense mode. Export sales did outperform expectations this week with .67 mmt sold, but total MY commitments lag last year by 1.3 mmt.” At the close today cash wheat was up 9 cents with the higher board and basis improvement, corn and milo were down 7 cents, and soybeans ended the day 8 cents lower. Have a great evening.
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June 9 An evening rain gave us 0.5 inch in the gage in Sublette.
June 3 & 4 A rain shower during the day on the 3rd gave us 0.1 inch then another rain that night and into the morning hours of the 4th gave us another 0.4 inch in Sublette.
May 29 A little rain shower in the morning gave us about 0.1 inch of rain. ? May 27 and 28 Rain during the day and overnight gave us 2.9 inches.
May 26 An evening rain gave us 0.15 inch of rain in Sublette.?
May 21 A late evening thunder storm gave us 0.3 inch of rain in Sublette.
May 6 Another misty rainy day with 0.1 inch in the gage in Sublette.
