Eddyville

Market Commentary 6/26/2026

Early trade momentum was lost this afternoon as corn traded up to $4.17 before settling back at $4.12, down 2 cents. Beans were down a penny, and wheat was down a dozen. Livestock markets were mixed with feeder cattle lower and nearby live cattle barely higher. Deferred live were down. Hogs were mixed to higher with the august contract trading just below unchanged. Crude Oil continues its march back towards prewar levels and it is currently sub $70. August crude has hit $69/barrel the last 3 days; the last time it traded those levels was March 5th. Stocks and Acres report out on Tuesday will give the market more definition about the size of the crop in the field and in the bins, current private expectations are mixed on acres. Heat is coming to the Midwest next week with temps pushing on 100 degrees in some spots with humidity. The 20-day moving average at $4.2250 will act as upside resistance in the short term, and the low of $4.0375 should act us a support. Have a good weekend!