Monday June 15th, 2009

Corn and soybeans lost between 2 to 3 percent today as rebound in the dollar triggered profit-taking and led to a general slide in commodities across the board. Russia expressed confidence in the dollar which helped to spur a rally in the currency. Also hampering grains today was an increase in heat moving into the region hopefully giving a boost to a slow and wet spring.

Corn Conditions
This Week 70% Good/Excellent, 25% Fair, 5% Poor/Very Poor
Last Week 69% Good/Excellent, 25% Fair, 6% Poor/Very Poor
Last Year 57% Good/Excellent, 31% Fair, 12% Poor/Very Poor

Bean Conditions
This Week 66% Good/Excellent, 28% Fair, 6% Poor/Very Poor
Last Year 56% Good/Excellent, 42% Fair, 2% Poor/Very Poor

Chris Spurlock