Chart of the Day
As of July 2, U.S. exporters had sold 3.38 billion bushels of corn for 2025/26 shipment, already above USDA's latest full-year forecast of 3.325 billion. USDA may need to hike old-crop corn exports on Friday, but by how much?
Weather
Very minor changes were made to this week's run of the U.S. Drought Monitor, with only minor shrinkage to areas showing drought or abnormally dry conditions. The primary concern over the next week will be how fast the next high pressure heat dome moves out of the Great Plains. The heart of the Corn Belt will see a week of abnormally dry conditions. The Eastern Corn Belt should handle the next week well with a fully recharged soil moisture profile, but crop conditions in the Western Corn Belt could struggle until the heat moves out and the rain systems have a better chance to return in the last half of July.
NEEDING MORE? WE GOT YOU COVERED.
Karen Braun’s Market Context Newsletter provides data-driven market commentary that helps readers understand the “why & how” in whatever hot topics are driving the markets.
Ted Seifried’s Daily Hotline highlights the day’s market happenings, top news, trends and what to look out for going forward.
Zaner Precious Metals - Stay up to date on the latest market-moving news, actionable insights, product updates & best practices in the precious metals markets.
If you have any questions or would like to hear more about how we can help, reach out to us at info@zaner.com or call 312-277-0050, and we are happy to chat!
Unless otherwise stated, the copyright and other intellectual property rights in all material on this Website (including without limitation photographs and graphical images) are owned by us or our licensors.
You may view or download any part of the Website for private purposes and reference material only. You are not permitted, without our permission, to:
store the Website, or any part of the Website, for any other purpose; print copies of the Website, or any part of the Website, for any other purpose;
reproduce copy or transmit the Website, or any part of the Website, in any way, for any other purpose or in, and/or, to any other medium.
All other rights which are not specifically granted are reserved.
Users are not permitted to use, reproduce, distribute, adapt, amend or exploit these materials for any other purpose or in any other medium or form, including for any revenue-generating purposes.
The information contained at this report have been obtained from sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to the accuracy. This report and all information contained is provided "as is" and without representations or warrantees of any kind, either expressed or implied. Zaner Financial Services LLC does not warrant that use of this report will be timely, accurate, complete, uninterrupted, error-free, or secure; that defects in this report or its contents will be corrected.
Any recommendations can be considered a solicitation for entering into derivatives transactions. From time to time persons affiliated with Zaner, or its associated companies, may have positions in recommended and other derivatives. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transactions. Any trading, specific investment or investment service contained or referred to in this report may not be suitable for all readers. Futures, options and off-exchange retail foreign currency ("forex") trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed. Past performance is not necessarily indicative of future results. The limited risk characteristic of options refers to long options only; and refers to the amount of the loss, which is defined as premium paid on the option(s) plus commissions and fees.
FOR CUSTOMERS TRADING OPTIONS, THESE FUTURES CHARTS ARE PRESENTED FOR INFORMATIONAL PURPOSES ONLY. THEY ARE INTENDED TO SHOW HOW INVESTING IN OPTIONS CAN DEPEND ON THE UNDERLYING FUTURES PRICES; SPECIFICALLY, WHETHER OR NOT AN OPTION PURCHASER IS BUYING AN IN-THE-MONEY, AT-THE-MONEY, OR OUT-OF-THE-MONEY OPTION. FURTHERMORE, THE PURCHASER WILL BE ABLE TO DETERMINE WHETHER OR NOT TO EXERCISE HIS RIGHT ON AN OPTION DEPENDING ON HOW THE OPTION`S STRIKE PRICE COMPARES TO THE UNDERLYING FUTURE`S PRICE. THE FUTURES CHARTS ARE NOT INTENDED TO IMPLY THAT OPTION PRICES MOVE IN TANDEM WITH FUTURES PRICES. IN FACT, OPTION PRICES MAY ONLY MOVE A FRACTION OF THE PRICE MOVE IN THE UNDERLYING FUTURES. IN SOME CASES, THE OPTION MAY NOT MOVE AT ALL OR EVEN MOVE IN THE OPPOSITE DIRECTION.