Markets are closed today as it is Juneteenth but what a week we had going into the long holiday weekend! Corn was up over 70 cents a bushel and beans over a dollar! I did not watch the radar over the weekend to see if there was rain in Indiana or Ilinois but I know part of Iowa received some very beneficial rain. In our listening area there were rain gauge reports from .15 inches to 1.1 inches.

attachment-GORDY RECAP 6 16

With such a larger percentage of the U.S. corn and soybean crop in some form of drought the market is definitely paying attention to the radar and forecast. It is going to be interesting to see how we open the overnight trade this evening at 7:00 pm and how we open Monday morning at 8:30! Click on the link above and listen to Gordy from Chiodo Commodities talk about the ag market action last week!

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