HAPPY 4TH OF JULY! Markets will be closed for the holiday and so will we!
If you have an agronomy need, please contact your rep directly.
Have a safe & happy holiday!
Market Commentary
by Ken Lake
An interesting chart development began yesterday. December corn filled the gap created the day following the Memorial Day holiday. We closed at 419 ¾ on the Friday before the holiday then gapped higher on the following Tuesday on planting delays. After topping out at 473 on June 17th the contract failed and traded lower into yesterday’s low of 420 ½ in effect closing the gap. The market turned higher with that trade and is following through trading higher today. It is a classic back and fill formation and may signal that a short term low has been made.
We are seeing some signs of head scab in wheat fields, such as this picture from the Blissfield area. Be on the look-out and track the risk with the Fusarium Head Blight Prediction Center.
