06/23/26 Afternoon CommStock Report – Chop-Chop; Grains Going Nowhere Quickly

Chop-Chop; Grains Going Nowhere Quickly   Morning Market Talk Below, you will find today’s installment of Morning Market Talk. You can copy and paste the link below for this morning’s episode.   https://youtu.be/Qh-hg1mobRY?si=lnYBOUzFWA7x_r2s   On the Grains   Corn, soybeans and SRW wheat posted corrective gains overnight and are holding within their recent consolidation ranges. Markets are pausing after their recent, sharp fund-led selloffs, as traders wait on the next market-moving news. That may not come until USDA’s June 30 Acreage and Quarterly Grain Stocks Reports, as weather has both bullish and bearish aspects, and the geopolitical environment has calmed. Back-and-forth trade is likely unless there’s a catalyst for either bulls or bears ahead of June 30. Both reports on that day could provide fireworks that spark the next trending move in corn and soybeans. While there are global weather concerns for wheat, that market is fighting seasonal pressure tied to increased harvest activity.     Corn, Soybean Conditions Unchanged Despite Iowa, Illinois Declines   USDA rated 68% of the corn crop and 66% of the soybean crop as good or excellent, both unchanged from the previous week, despite declines in crop ratings for Iowa and Illinois for a second…