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Market Commentary 06/23/2025

Corn soybeans and wheat all sold off today due to favorable US weather and rising tensions in the middle east. Over the weekend, the US bombed three nuclear sites in Iran, further escalating already rising tensions in the middle east. These issues have sent crude oil on a roller coaster, which also affects grains. The Midwest is set to see big rain fall, which is welcomed by most. Some areas in North Dakota and west Central Minnesota saw damaging storms, with more to come. The market is continuing to ignore the fundamentals in corn, with a very tight carry out and stocks-to use, the market just doesn’t seem to care. Monday, June 30th is a highly anticipated Acres and Stocks report, which will tell us what to expect for the coming crop, and what we have on hand. This will be a big report to pay attention to. For now, the trend is down until we see any bullish news. Have a good evening. 

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