June WASDE and weather boosts — this week in the grain markets

by

Opinion

Grain prices gained a lot of ground this week as the complex was supported by a bullish WASDE report from the USDA and wet weather from Mother Nature. In contrast to last week, the hard red spring wheat ticker in Minneapolis was the only one in red this week. On the flip-side, corn and winter wheat performed brilliantly. Tuesday’s WASDE report saw U.S. corn yields fall by 10 full bushels to now sit at an average of 166 bushels per acre across the country. This – combined with planted acres falling by 3 million – resulted in U.S. corn production…

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