Home Markets Beef market crisis narrowly avoided | Ag / Energy

Beef market crisis narrowly avoided | Ag / Energy

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It’s June market watchers. Oh, how the year is flying by.

And yet, we’re still waiting for the green of winter wheat to golden. Though ripen it did this last week after the rains. Just a week plus of hot, dry weather would accelerate maturity quickly, but we have yet to see that in the forecast at least not until the middle of next week with three rainy days in between starting Sunday. Continued rains this close to maturity can be cause for concern, but we are shy of the point for test weights to be impacted from central Oklahoma north, although those south of I-40 may be in a different situation.

The grain markets were range bound this week after recovering off last week’s lows. July KC futures finished the week with an inside day on the chart at $6.36½, essentially right at the…

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