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#1 | One Clear Correlation No doubt about it - CZ23 continues to skip down a path that is quite similar to that of CZ13… #2 | Two distinctly different paths Turns out CZ12 was headed down the same path before taking a much different direction: #3 | A 3-cent... (full story)


Volatility in the grain markets continues, which for some means opportunity. These are the levels for corn, soybeans, and wheat that we are keeping an eye on into the weekend. (full story)


U.S. EXPORT SALES RYE - June 02, 2023 (full story)


U.S. EXPORT SALES GRAIN SORGHUMS - June 02, 2023 (full story)


U.S. EXPORT SALES BARLEY - June 02, 2023 (full story)


U.S. EXPORT SALES SUNFLOWER SEED OIL - June 02, 2023 (full story)


U.S. EXPORT SALES LINSEED OIL - June 02, 2023 (full story)


U.S. EXPORT SALES OATS - June 02, 2023 (full story)


U.S. EXPORT HIDES AND SKINS - June 02, 2023 (full story)


U.S. EXPORT SALES WHEAT - June 02, 2023 (full story)


U.S. EXPORT SALES WEEKLY SUMMARY REPORTS - June 02, 2023 (full story)


U.S. EXPORT SALES COMPLETE - June 02, 2023 (full story)


U.S. EXPORT SALES SOYBEAN CAKE AND MEAL - June 02, 2023 (full story)


U.S. EXPORT SALES COTTON CAKE AND MEAL - June 02, 2023 (full story)


U.S. EXPORT SALES SOYBEANS - June 02, 2023 (full story)


U.S. EXPORT PORK - June 02, 2023 (full story)


U.S. EXPORT SALES COTTON OIL - June 02, 2023 (full story)


U.S. EXPORT BEEF - June 02, 2023 (full story)


U.S. EXPORT SALES COTTON - June 02, 2023 (full story)


U.S. EXPORT SALES SOYBEAN OIL - June 02, 2023 (full story)


U.S. EXPORT SALES CORN - June 02, 2023 (full story)


U.S. EXPORT SALES COTTON SEED - June 02, 2023 (full story)


U.S. EXPORT SALES FLAXSEED - June 02, 2023 (full story)


Across the Corn Belt, very warm, mostly sunny weather continues to reduce soil moisture availability for corn and soybean emergence and development.  Any showers are widely scattered and confined to the western Corn Belt.  Friday’s high temperatures should range from 85 to 95°F, with record-setting heat for early June expected... (full story)


We take a look at the participation from yesterday into the overnight session. (full story)
ESM23: 4,250.00 (+22.00), NQM23: 14,541.50 (+69.25), QRM23: 1,785.00 (+14.00), YMM23: 33,281 (+178), SPY: 421.82 (+3.97)


Phil Streible with Blue Line Futures discusses the Precious Metals markets, U.S. Equity Futures, Currencies, and other commodity topics. (full story)


July prices are up by 1 point so far, though the other contracts are down by 14 to 47 points. Front month cotton futures ended the Thursday session with 2% to 3.5% gains. July contracts were up the most with a 294 point gain. December futures were also more than... (full story)


Most of the lean hog market slid back on Thursday, but the June contract ended the session with a 97 cent gain. The other front months backed off by as much as $1.82 on the day. Even with the triple digit drop, July futures were still up a net $7.27... (full story)
HEM23: 83.550s (+0.975), HEQ23: 80.025s (-1.825), KMM23: 86.250s (+0.700)


Cattle futures printed a strong Thursday session with the June contract leading the way. June fats were up nearly $6 at the close, and filled April’s expiration gap. The other front months were also 1.8% to 2.8% higher after the Thursday rally. The cash market on Thursday saw cattle trade... (full story)
LEM23: 174.900s (+5.775), LEQ23: 172.375s (+4.700), LEV23: 175.875s (+4.100), GFQ23: 241.650s (+2.475), GFU23: 244.950s (+2.725)


AM wheat quotes are back to near UNCH after a 10c overnight range from +/-5 (July SRW). Wheat futures were up 0.9% to 2.8% across the domestic classes to start the month of June. For CBT SRW that left the market 16 1/2 to 17 1/2 cents higher. Front month... (full story)
ZWN23: 611-6 (+1-0), ZWU23: 625-2 (+1-0), ZWPAES.CM: 5.5940 (+0.2927), KEN23: 802-2 (-0-2), KEPAWS.CM: 7.6400 (-0.0105), MWN23: 791-0 (+2-0)


Soybeans are starting Friday’s day trade with a penny to 6 1/4 cent weakness. For the week, Nov beans are at a 23 1/4 cent loss. Meal is down 1% so far, with 0.5% to 0.7% gains in the BO. Beans settled near their highs on Thursday. At the close... (full story)
ZSN23: 1327-6 (-1-6), ZSPAUS.CM: 13.0023 (-0.0172), ZSQ23: 1242-2 (-1-6), ZSU23: 1176-2 (-1-0)


After the July’s 9 3/4 cent weakness, the AM corn board is working 4-5 cents in the red so far. Corn was working higher on Thursday, but faded in the afternoon. July corn pushed back above $6 during the 14 1/4 cent range, but ultimately closed near the low for... (full story)
ZCN23: 584-2 (-8-2), ZCPAUS.CM: 6.1644 (-0.0795), ZCU23: 520-2 (-4-0), ZCZ23: 527-4 (-2-4)


Looking ahead, the 6- to 10-day outlook calls for the likelihood of near- or below-normal temperatures and near- or above-normal precipitation across much of the country.  However, warmer-than-normal weather will stretch across the North from the Pacific Northwest into the upper Midwest, while drier-than-normal conditions will cover western Washington and... (full story)


An area of low pressure over the northeastern Gulf of Mexico should remain offshore, with additional development (into a short-lived tropical depression or tropical storm) possible over the next day or two as the system begins to drift southward.  Regardless of development, locally heavy showers may occur through the weekend... (full story)


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3 Big Things Today, June 2, 2023 (full story)


Below normal precipitation for the "i" states remains persistent in the 6-10 day outlook. Does the 8-14 day show any signs of hope? (full story)


Philadelphia 02-June-2023 Auction Sales - Prices To Growers Provided by: Specialty Crops Market News, Federal-State Market News Service, USDA Phone: (215) 551-6791 Fax: (215) 336-0355 AF_FV160 Fairview Kentucky Produce Auction Summary Data compiled by: Fairview Produce... (full story)


June S&P 500 futures (ESM23) are trending up +0.45% this morning as the passage of a U.S. debt ceiling bill in Washington boosted market sentiment, while investors looked ahead to a crucial U.S. nonfarm payrolls report that might clarify the Federal Reserve’s policy path. (full story)
ESM23: 4,249.75 (+21.75), META: 272.61 (+7.89), NTAP: 71.96 (+5.61), CRM: 212.90 (-10.48), MDB: 293.96 (+0.17), LULU: 328.35 (-3.58), S: 20.72 (-0.66), CHPT: 9.75 (+0.08), EPR: 41.35 (-0.36), XEL: 63.55 (-1.74)


Click to view report AMS_2171.pdf in PDF format (full story)


Click to view report AMS_1704.pdf in PDF format (full story)


Click to view report AMS_2115.pdf in PDF format (full story)


Click to view report AMS_2006.pdf in PDF format (full story)


Click to view report fvddaily_move.pdf in PDF format (full story)


Click to view report fvdorganic.pdf in PDF format (full story)