Trenton Toftoy

Owner/ Operator Toftoy Farms

[Governor Mike Braun @GovBraun]

Hoosiers, help me welcome the Chicago Bears to our great state!

We look forward to building a partnership as strong as the '85 Bears defense, creating opportunities and economic growth that will benefit our state and the Bears organization for decades to come.

An NFL franchise in Northwest Indiana will be an economic boost to the entire region like we haven’t seen before.

Thank you to Speaker Huston, the legislature, and Mayor McDermott for their partnership. I also want to thank the entire Chicago Bears organization for their partnership and commitment in making this move a reality.

Welcome to Indiana!

[Adam Schefter @AdamSchefter]

The Bears’ Board of Directors voted Thursday to advance the stadium development in Hammond, Indiana, with the exact to be selected. This is this first time that the Bears’ board has voted on any stadium site.

As one source said, “There is more work to do but barring anything very strange, it’s a done deal.”

[Dirt Cheap Banks @dirtcheapbanks]

Community State Bank

Mallard, Iowa (population 251)

Total deposits: $6.9 million

Been around for over 100 years

Banks like this are the backbone of America

[Gunther Eagleman™ @GuntherEagleman]

🚨 PRESIDENT TRUMP DROPS BOMBSHELL ON CUBA:

“Cuba has collapsed. We will handle that as soon as we take care of the Islamic Republic of Iran… then on our way back, we’ll make a little brief stop.”

Trump says 95% of Cubans voted for him, and he’s not forgetting them.

“These are unbelievable people. Energetic. Entrepreneurial. Some of the richest people in Miami are Cuban. We will take good care of them. We will let them go back to their land, invest in Cuba, and be with their families. We have very good plans.”

NEXT STOP, CUBA.

[Ethan Mok @Emokwx]

MCV season in the cornbelt looks to get started on Friday as an MCV forms from an overnight storm complex, becomes entrained in synoptic flow, then moves eastward. If storm evolution is linear on Thursday night, confidence in an MCV tornado target increases. Let the games begin

[NatGasWeather.com @NatGasWeather]

Weather data has steadily trended hotter since the start of the week, especially the EC weather data. Pattern decently hot across the East this weekend, then hotter Texas next week. Although, there are decent weather model differences. Will hotter trends continue? #natgas

[Philip Shaw @Agridome]

Dec Corn Overdone after plunge?, thx @mantini_r

[Duane Lowry @DuaneLowry]

Local cash corn bid...sub $4.00

[Fabian Wierczoch @FabianWierczoch]

What a hard sell-off in grains. It will continue until all the macro tourists and bulls are forced out.

Panic selling is present now, so it feels like the last crash lower before we form a bottom

[Darin D. Fessler ✝️ @DDFalpha]

🌽 Dec Corn... Support Gave Way

🔻 458 "major support" broke - invalidated ❌

📉 9 < 20, both MAs rolling over

📍 Now 451'2, in free space

Last stand: 🟢 449'6 high-vol shelf

🎯 Below it... 445'4 (1.0 fib), the floor

Resistance: 458...468'6... 476.

Bulls need it all back. 🐂

[Susan Stroud @SusanNOBULL]

BBG: Corn &amp; Soy Extend Drop as US Weather Improves, Demand Slows

“It’s total risk-off. Instead of a new month of buying, everyone is running for the exits with non-threatening weather &amp; not a single sign of China anywhere — in corn, beans or any US commodities." -Susan Stroud

[Angie Setzer @GoddessofGrain]

In case you were like, "what the hell happened to soybeans"

12% tariff on China and others possible after a forced labor probe....

Trump admin proposes broad new tariffs on top trading partners https://t.co/b5snIPvkBa

[Chris Robinson @cer_hedge]

About time to start seeing "the grain grain robbery" tweets show up... I'd settle for "is this #2012 in disquise? " tweets.. Back in 2012 we fell to an 18-month low in #corn- then took off on weather... Can we get a repeat of #2012? Can we get "half of 2012"? Gotta wait a month to see sports fans.. #corn #oatt

[Philip Shaw @Agridome]

Nov Soybeans on Verge of Breakout? Thx @mantini_r

[Philip Shaw @Agridome]

Funds flipping, corn growing, no problems yet

[Market Minute LLC @MarketMinuteLLC]

Corn vs Crude 🌽 🛢️

The two had been tracking very closely over the course of the last month

However the last few days have seen a rather large divergence

Crude has put together a nice rally

While corn and the rest of grain markets continue to sell off

[PhillyWeatherGuy @phillywxguy_]

Looking Ahead into Mid-Late June (thread) 🧵 👉

It looks like a large trough will place itself on the Eastern 2/3 of the U.S. come Mid-May as an upstream ridge forms over the Eastern Pacific

What does that mean for the weather?

[Overton @overton_news]

Fox’s Trace Gallagher could hardly believe the numbers he was about to read on air.

In deep blue Los Angeles County, Republican gubernatorial candidate Steve Hilton is over performing in a MAJOR way.

GALLAGHER: “This is the statewide numbers but in L.A. County, we have 51% of the vote is in and Xavier Becerra has 29.2% of the vote, Steve Hilton has what again, Alec?”

[Pauses]

“22.6%, and 22.4% for Tom Steyer.”

“This is just in Los Angeles County. In DEEP blue Los Angeles County.”

“You see the blue right there? Well the deep blue area, Steve Hilton with 51% of the vote in is at 22.6%.”

“He’s ahead of Tom Steyer and he is behind Xavier Becerra, but holy cow, Kevin!”

“That to me is very telling about this election.”

Hilton is making serious noise in the heart of Democrat territory.

[TV News Now @TVNewsNow]

🚨 Fox’s Kevin Corke STUNNED by scale of RED WAVE in Los Angeles and California: “I am gobsmacked by the numbers” in L.A. county!”

“In and around Sacramento, boy does Steve Hilton really start to pick up numbers and it’s consistent. Look at Nevada too!”

“It’s going to be a very interesting night for Steve Hilton and for a lot of people who didn’t anticipate he’d do as well as he’s doing.”

[Market Minute LLC @MarketMinuteLLC]

Corn broke some major support 🌽

But are we almost due for a bounce?

July corn broke below the 61.8% retracement from the highs down to contract lows.

That same $4.50 level was massive prior support.

We’re now approaching the last line of defense before contract lows. The trendline support that’s marked the last two lows.

The front month chart broke the uptrend we had respected since those harvest lows.

Now sitting at those lows from April and some possible support.

It is not a good sign that we broke key support.

As it suggests the overall trend has very possibly shifted lower as we head into harvest.

However, that doesn’t mean we can’t see a relief bounce here soon first.

With both charts essentially nearing some of their last areas of support.

***
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