DIAL 712-774-2239-AFTER HOURS ANSWERING MACHINE TED MILLS 641-247-9342 OR TONY ADAMS 641-745-7378
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A DROP BOX IS AVAILABLE IN MASSENA LOCATED BY THE EAST WALK IN DOOR FOR YOUR CONVENIENCE. A DROP BOX IS AVAILABLE IN GREENFIELD LOCATED BY THE EAST WALK IN DOOR FOR YOUR CONVENIENCE.
WE NOW HAVE FINANCING AVAILABLE THROUGH YOUR JOHN DEERE MULTIUSE ACCOUNT FOR PURINA FEED. CALL SUSIE AT 712-779-3515 FOR DETAILS!
June 9th, 2026 Grain markets have had a rough couple of weeks. Dec 2026 corn closed at 2026 lows today a 4.45 and corn has fallen roughly 60 cents from its highs in May. Soybeans initially held in better than corn but eventually sold off hard last week with Nov beans down about 75 cents from their highs. The Managed Money (outside investors) were holding very long positions this spring. They wanted to generally own commodities due to the Iran War, as well as were buying before the growing season with balance sheets looking to be slightly tighter for new crop corn and beans. Energy prices have stablized although at still elevated levels. The crops in the US generally were planted in timely fashion, and so far the crops are seen as off to a good start with no real threatening forecasts as we look ahead towards mid to late June. Also there has not been any confirmation of Chinese buying of US grains after the big US/China summit. All this led to traders exiting their long positions and once technical charts turned lower it accelerated. It is worth noting that Dec corn has only made its low once since 2010 so if the market were to rally back it historically should be treated as a selling opportunity for old crop and harvest bushels. Chinese purchases, a weather issue deemed threatening to the crop, and the Iran War will be monitored going forward to possibly change market sentiment.
*OUR BIDS ARE DELAYED 10 MINUTES ON OUR WEBSITE AND ARE SUBJECT TO CHANGE. PLEASE CALL THE CUMBERLAND OFFICE TO GET AN UP TO DATE BID.
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