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June 23, 2025 US crop progress/conditions highlights
Good US weather beats war footing and US ag futures slip overnight. CZ nearly testing contract lows. Another week of excellent HRW harvest weather other than a narrow band of C KS to follow along with great US row crop weather also.
mixed choppy trade overnight. Israel/Iran conflict continues. US eastern half to expect extreme heat now. Whether its accompanied by rains or not will be important heading into quarter end and the July 4 closure.
Wheat Explodes Higher as the Large Spec Short Heads to the Exits
A quiet flat price US row crop overnight session but with continued old crop-new crop cal spread weakness, wheats showing signs of more fund short risk-off price action
Iran/Israel Saga Creates Some Panic in the Wheat Short
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