Weekly Crop Commentary - 06/12/2026
Jun 12, 2026
Wes Bahan
Vice President, Grain Division
Good afternoon. It sure was a hot one here this week, our first real taste of summertime temperatures, and I, for one, was struggling a bit. Speaking of struggling, the grain markets had another poor week. July corn made a new low again yesterday, even though we continue to see some export business being done. The USDA did report a few sales to Japan this week, but it just wasn’t enough to turn the market around. We also saw a nice sale announcement for new-crop beans to unknown destinations, which was encouraging. Still, those sales were not enough to offset the overall negative tone in the market. It appears that most of the corn and soybean crops are being planted, so there likely won’t be much prevent-plant acreage this year. Funds continue to head for the exits, and favorable weather is adding insult to injury. Right now, we just can’t seem to find anything that will change the market’s mindset. Until we find someone willing to extend ownership, it will be difficult to push prices back to where they were just a month ago.
Zane Robison
Grain Merchandiser, Urbana (Region 3)
Another lackluster week for grain markets. Both corn and soybeans trended lower again this week due to easing global concerns, continued fund selling, and a lack of any significant weather story. A peace memorandum with Iran could be signed as early as Sunday, according to news reports. Conflicting messages continue to circulate, but it appears increasingly likely that some sort of agreement will be reached. The WASDE report provided little support for the markets, as U.S. ending stocks remained unchanged while South American production estimates were increased slightly.
Where do we go from here? That’s the question on everyone’s mind right now. While grains don’t have a strong reason to rally at the moment, it’s also difficult to remain overly bearish after the sharp selloff we’ve seen over the past two weeks. While I don’t expect prices to return to last month’s highs, I do believe some support could develop before this year’s crop comes off. If we can get fall corn back to $4.25 and soybeans back to $11.25, I would consider making another round of sales to cover must-move bushels at harvest. As always, feel free to reach out anytime. Have a great weekend!
Lisa Warne
Grain Merchandiser, Marysville (Region 4)
We look to be finishing the week with the market in positive territory, but it was still another rough week for the corn and soybean markets. Corn lost another couple ¢ since last week, but with basis improvements in cash beans, the soybean bid is up about a nickel on the week. Wheat has shown the most strength this week, gaining almost a dime.
Yesterday’s monthly USDA WASDE report contained no major surprises, so we saw very little market reaction after its release. The bigger report for this month will be the Stocks and Acreage report on the 30th. Until then, with the lack of bullish news, I’m not seeing a lot of opportunities for any rallies.
Crop conditions look decent with the country at 67% G/E on corn (69% is average). Soybeans are rated 65% G/E (66% is average). Ohio’s winter wheat crop is rated 63% G/E, with the average being 67%. I’ve noticed wheat color changing fast this week with the 90-degree days. Will we see a bulk of harvest done in June this year? Have a great weekend!
Morgan Hefner
Grain Merchandiser, Nashport (Region 5)
Planting season is pretty well wrapped up. Monday’s Crop Progress Report showed Ohio corn at 89% planted and soybeans at 85% planted, but with the favorable weather we’ve had this week, I’d say the remaining acres are likely finished by now.
There still hasn’t been much bullish news to support the grain markets. Earlier this week, additional cases of New World screwworm were confirmed. While that news hasn’t provided any support to the corn market, December corn futures have now fallen more than 60¢ over the past month.
Thursday’s USDA report contained no major surprises, so the market did not have an extreme reaction. The next report to watch will be the June 30 Acreage Report, which should give us a better idea of how many acres of corn and soybeans were planted this spring.
For now, the market continues to find a bullish story. With planting essentially complete and no widespread weather threats. There looks to be some rain in the forecast for the coming week, which will certainly help the growing crops.
Vice President, Grain Division
Good afternoon. It sure was a hot one here this week, our first real taste of summertime temperatures, and I, for one, was struggling a bit. Speaking of struggling, the grain markets had another poor week. July corn made a new low again yesterday, even though we continue to see some export business being done. The USDA did report a few sales to Japan this week, but it just wasn’t enough to turn the market around. We also saw a nice sale announcement for new-crop beans to unknown destinations, which was encouraging. Still, those sales were not enough to offset the overall negative tone in the market. It appears that most of the corn and soybean crops are being planted, so there likely won’t be much prevent-plant acreage this year. Funds continue to head for the exits, and favorable weather is adding insult to injury. Right now, we just can’t seem to find anything that will change the market’s mindset. Until we find someone willing to extend ownership, it will be difficult to push prices back to where they were just a month ago.
Zane Robison
Grain Merchandiser, Urbana (Region 3)
Another lackluster week for grain markets. Both corn and soybeans trended lower again this week due to easing global concerns, continued fund selling, and a lack of any significant weather story. A peace memorandum with Iran could be signed as early as Sunday, according to news reports. Conflicting messages continue to circulate, but it appears increasingly likely that some sort of agreement will be reached. The WASDE report provided little support for the markets, as U.S. ending stocks remained unchanged while South American production estimates were increased slightly.
Where do we go from here? That’s the question on everyone’s mind right now. While grains don’t have a strong reason to rally at the moment, it’s also difficult to remain overly bearish after the sharp selloff we’ve seen over the past two weeks. While I don’t expect prices to return to last month’s highs, I do believe some support could develop before this year’s crop comes off. If we can get fall corn back to $4.25 and soybeans back to $11.25, I would consider making another round of sales to cover must-move bushels at harvest. As always, feel free to reach out anytime. Have a great weekend!
Lisa Warne
Grain Merchandiser, Marysville (Region 4)
We look to be finishing the week with the market in positive territory, but it was still another rough week for the corn and soybean markets. Corn lost another couple ¢ since last week, but with basis improvements in cash beans, the soybean bid is up about a nickel on the week. Wheat has shown the most strength this week, gaining almost a dime.
Yesterday’s monthly USDA WASDE report contained no major surprises, so we saw very little market reaction after its release. The bigger report for this month will be the Stocks and Acreage report on the 30th. Until then, with the lack of bullish news, I’m not seeing a lot of opportunities for any rallies.
Crop conditions look decent with the country at 67% G/E on corn (69% is average). Soybeans are rated 65% G/E (66% is average). Ohio’s winter wheat crop is rated 63% G/E, with the average being 67%. I’ve noticed wheat color changing fast this week with the 90-degree days. Will we see a bulk of harvest done in June this year? Have a great weekend!
Morgan Hefner
Grain Merchandiser, Nashport (Region 5)
Planting season is pretty well wrapped up. Monday’s Crop Progress Report showed Ohio corn at 89% planted and soybeans at 85% planted, but with the favorable weather we’ve had this week, I’d say the remaining acres are likely finished by now.
There still hasn’t been much bullish news to support the grain markets. Earlier this week, additional cases of New World screwworm were confirmed. While that news hasn’t provided any support to the corn market, December corn futures have now fallen more than 60¢ over the past month.
Thursday’s USDA report contained no major surprises, so the market did not have an extreme reaction. The next report to watch will be the June 30 Acreage Report, which should give us a better idea of how many acres of corn and soybeans were planted this spring.
For now, the market continues to find a bullish story. With planting essentially complete and no widespread weather threats. There looks to be some rain in the forecast for the coming week, which will certainly help the growing crops.