This island country declared independence from Denmark, becoming a republic on this day in 1944...
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Grain Market Insight
Morning Grain Comments 6-17-2026 – The grains again had a two-sided session overnight with values higher late in the session and ending that way. The StoneX Quick Editorial (QE) this morning stated, “strong overnight grain trade volume continues this week, with soybeans and meal chopping higher throughout, while the rest of the complex caught up through the early morning hours. Trade rumors are that Chinese companies are looking at pricing new-crop U.S. soybeans for Q4, though no deals have yet been reported. SX6 had fallen almost a full dollar per bushel into Monday’s three-month low, recovering since, but still closer to in line with S.A. supplies if China wants to fulfill its commitments…” The grain markets will be closed on Friday for Juneteenth. We should see the export sales report tomorrow morning. In world grain trade news, MFIG in Taiwan purchased 2.56 million bushels of corn from Brazil, MFG in South Korea purchased 2.2 million bushels of feed wheat in a private trade, and Jordan has tendered again for up to 4.4 million bushels of milling wheat and their tender for up to 5.5 million bushels of barley closes today. At the end of the night session at 7:45 this morning Kansas City July wheat was 9.75 cents higher, Chicago July corn was 5.5 cents higher, and Chicago July soybeans were 7.75 cents higher. Have a wonderful day.
Afternoon Grain Comments 6-16-2026 – The StoneX afternoon corn comment stated “A surge of volume hit the corn market, and with it came a considerable portion of buying, mainly near the open of the day session. Funds are estimated to have bought between 35 and 40 thousand contracts to seemingly resurrect their long position. This seemed to be a statistical play with corn values selling off earlier than average, as well as values occupying the lower 10% of the 5-year average. Despite a 15-day forecast that supports trend yields, the market is without a whisper of yield risk in current prices, which is normal for this time of year. G/E ratings improved 1 point to support the trend or better idea, but this is merely conditions that hover around the 5-year average”. Dry weather in Europe is an issue with wheat there. At the close today cash wheat was down 6 cents, corn and milo were down 2 cents, and soybeans ended the day 11 cents higher. Have a great evening.
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June 14 There was rain in the area on the afternoon of the 13th but the rain in Sublette came in the early morning hours of the 14th giving us about 1/4 inch.
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.
