The next superstorm-causing CME: the 14 July 2000 CME launched from center disk by a massive X8.2 flare. The flare launched an intense S3 level radiation storm and an extremely fast CME directly at the Earth.
No big changes for the monthly supply/demand report. Corn and soybean markets are trading below the pricing implied by USDA's balance sheet. The market itself is trading lightly above-trend yields and has light concern over new crop exports until confirmed Chinese buying.
“Red Crown Rot is here,” warns Purdue University crop pathologist Dr. Darcy Telenko (@DTelenko), as the emerging soybean disease spreads across Indiana and can easily be mistaken for other common soybean diseases.
@PurdueAg@PurdueSoybean@PurdueBPP
https://t.co/MdzF6Lz2Tz
Yet another chance! Despite the most recent solar storm fizzle, 3 partially Earth directed solar storms launched in the last 24 hours and are on their way to Earth. All of these storms have a chance of at least grazing Earth, with impact starting likely mid to late day June 13. More analysis coming.
Corn trying to hang onto massive support 🌽
Dec corn came within 2 cents of the contract lows.
We’ve managed to hold this $4.40 support for almost 2 years now.
Finding a bottom here on 5 separate occasions.
At the same time this is the most oversold this contract has ever been.
If corn is going to bounce, this would be a good spot to see it happen.
***
Want daily breakdowns on the grain markets?
Try our updates & signals completely free
👉 https://t.co/JvQ1KIpXXU
Interesting. I did not realize that the same period for 76-77 was so dry for the entire nation. I do remember it being brutally dry in the summer of 77 on our farm in Iowa.
As Indiana corn enters a critical growth stage, Darcy Telenko (@DTelenko) with @PurdueBPP is urging growers to stay vigilant for tar spot and Southern rust—two diseases that could quickly reshape the 2026 season.
@PurdueAg@PurdueExtension@PurdueCorn
https://t.co/UgzEtN2QeJ
1/ Winter #wheat condition in the United States is rated 25% good-to-excellent, as of June 7, down 1% from last week.
From the @usda_nass: https://t.co/NfpuJ5g2Bj
What's it going to take for the #cattle industry to expand?
Jackie Moore with Joplin Regional Stockyards in Missouri shares his thoughts when he caught up with @BRNAgNews_MG this week.
Check it out 🔽
The famed @UnionPacific Big Boy, the world's largest operating steam locomotive, chugs east through Allen County, Indiana on its coast-to-coast tour in celebration of America's 250th anniversary.
“Markets sold the rumor and bought the fact,” according to Angie Setzer with Consus Ag Consulting following USDA's confirmation of New World screwworm in a Texas calf.
CLICK BELOW for more insights on the livestock market from @GoddessofGrain.
https://t.co/rksmA3LxgZ
Soybeans were mixed overnight | Morning Market Minute
@BRNAgNews_MG has a look at the mixed overnight session for soybeans and wheat, the lower move in corn, and where cattle and hogs head after the open.
Check it out ⤵️
I've seen a corn market do this before... and if we dont get a heat dome into the end of June early July. Its not going to be a very good look. We may have topped in May this year.
US weekly export sales were disappointing again this week, as volumes came in at the low sides of the trade ranges for most old and new crop data. The lone exception was new crop soybean sales, which came in near the high side of trade estimates, however the total was still relatively small at 243k tons.
For the second week in a row, old crop wheat sales volume was negative, reflecting the shift of sales from the old crop year into the new crop year.
🇨🇳Excessive rains may have caused up to 10 million metric tons of Chinese wheat to sprout, which would downgrade roughly 7% of the crop from food to feed quality.
This could prompt China to import more wheat in the second half of this year.