STATELINE COOPERATIVE EVENING COMMENTS 6-22-18
CORN: Closed STEADY across the board. N Burt Corn $3.18 NC $3.27
Corn traded both sides siettling steady by day's end. Trade seems to be holding their breath as the dispute between the US and China tarfiis plays out. US weather is suporting a better than trend-line yield. June Acreage Report estimators are guessing a .4 mln acre increase in planted acres. Mositure and heat add up to good yields.
BEANS: Closed UP 14 for cash/July $8.24 and NC UP 15 $8.36
With US and China rumblings on the quiet side today soybeans gained back yesterday's losses plus a little more. Brazil basis surged 35c the past two days at the ports. Truckers refusing to accept comprimised freight rates, Brazil's internal logistics are struggling.