06/18/25 Afternoon CommStock Report – Brazil Law Could Allow for Immediate Clearing of 13.5 million Acres

The market continues to trade weather, which overall remains non-threatening.  The Bermuda High is seen sticking to the Eastern Coast, bringing continued rainfall for at least the next two weeks.  Heavier rainfall is centered in Iowa and surrounding states bring up to 3″ by July 1st. Parts of the Eastern Corn belt which have been excessively wet, will see less rainfall.  We have previously identified a region of Northern Illinois and Southern Wisconsin which have missed most of the rain up until now.  They are now expected to get 2″ later this month which should help out a lot.  If I had to pick a region that was shifting drier, it would likely be North Dakota.   One analyst described the market rebound on Tuesday as dead cat bounce.  Meaning there was more room to the downside.  Chatter at a local grower meeting in NW Iowa could overhear some farmers saying they have 280 bpa potential.  We agree but there is a long growing season yet to go.  Summer heat is finally arriving with temperatures roughly 6 degrees F above average in Iowa and one pocket in Northern Illinois almost 10 degrees F above average.  We see this as more…