06/20/25 Back in Black, Rolling Over

Morning Market Talk Below, you will find today’s installment of Morning Market Talk.   Can Grains Stand on Their Own?   You can copy and paste the link below for this morning’s episode.   https://youtu.be/hT-OPOsts_A?si=0LxyPZyKmjzi9_Sw   On the Grains   New Recco Day 1: Sell the balance of 2024 wheat regardless of class at the market. While wheat is starting to make a move higher, we are capitalizing on this latest rally and cleaning the bins on 2024 wheat.   New Recco Day 1: Sell 10% of 2025 wheat production vs the September futures at the market.   Good morning, let’s finish the week on a high note. We have been talking about wheat for what feels like a year, waiting for it to break out and pull corn with it. While we experienced a breakout in wheat earlier this week, it was hindered by excessive moisture in the western regions (potentially damaging quality), and the EU/Russia are dealing with extreme dryness in several areas. Weekly export sales estimates are 300-500, up from last week’s 188.1. With wheat on the right path, its corns turned to follow along. Which it did overnight, posting minimal gains, up 2 cents on the…