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Grain Market Insight
Morning Grain Comments 6-4-2026 – The grain markets were mixed at the open of the night session with wheat a shade higher but corn and soybeans were a shade lower with wheat and soybeans trading both sides of Wednesday’s closes while corn was even with Wednesday’s close or lower throughout the session. The StoneX Quick Editorial (QE) this morning stated, “the spot July CBOT corn contract continued a two-plus week decline with a new contract low overnight amid strong grain trade volume; a warm and wet pattern will dominate through the middle of this month to get the 2026 U.S. crop off to a strong start. Old-crop stocks remain plentiful…” The export sales report this morning at 7:30 showed 34.8 million bushels of old crop corn which was below the lower end of the pre-report trade estimates and 9.6 million bushels of new crop sales. Old crop soybeans sales were 10.2 million bushels with 8.9 million bushels of new crop soybean sales, both were within the range of the sales estimates. There were 23.6 million bushels of cancellations of old crop wheat (more than anticipated) but there were 30.8 million bushels of new crop sales for a net gain in sales of 7.2 million bushels. There were 2.5 million bushels of milo sales in the report. In world grain trade news, KFA in South Korea purchased one ship (2 to 2.7 million bushels) of optional origin corn, and Tunisia purchased 2.76 million bushels of soft milling wheat. At the end of the night session at 7:45 this morning Kansas City July wheat was 0.25 cent higher, Chicago July corn was down 3.75 cents, and Chicago July soybeans were 6.5 cents lower. Have a wonderful day.
Afternoon Grain Comments 6-3-2026 – The grains were lower today with all of them one side or the other of a dime loss after looking like we had turned the slide around overnight. The corn comment from StoneX stated this afternoon, “A technical washout again after some fundamental pressure was brought to the US corn market via weather forecasts. The outlook continues to edge incrementally wetter and to the benefit of the US corn/soybean belt.” For the wheat market, concerns about quality issues with wheat to be harvested reportedly saw some of the same technical selling in the other grains. Tomorrow we should see the export sales late in the night session and a week from tomorrow (6-11) the WASDE is scheduled to be released. At the close today cash wheat was 11 cents lower, corn and milo were down 9 cents, and soybeans ended the day 11 cents lower. Have a great evening.
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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.