The June 24, 2026, edition of the Closing Market Report covers current commodity market trends, agricultural weed management research, and global weather impacts on crop production. Greg Johnson of Total Grain Marketing notes that commodity markets are experiencing a typical seasonal lull, driven heavily by investment funds liquidating over three billion bushels in long positions. This massive sell-off has depressed prices for corn, soybeans, and wheat, causing farmer selling to dry up as the industry waits for upcoming USDA reports and crucial pollination weather. Shifting to agronomy, Corteva’s Jeff Bode and University of Illinois Crop Scientist Aaron Hager detail the findings from the campus Weed Science Field Day. Their focus centers on evaluating residual herbicides and active ingredients to manage resistant weed species, notably revisiting applications like Metribuzin to combat metabolic triazine resistance in waterhemp. Finally, meteorologist Drew Lerner of World Weather, Inc. details severe global weather disruptions, highlighting a record-breaking, crop-damaging heat wave in France and a significant rainfall deficit in India that threatens a national drought. Domestically, Lerner forecasts a high-pressure ridge building across the Midwest, which is expected to introduce heat and a concerning dry bias to the western Corn Belt, specifically targeting South Dakota, Iowa, Nebraska, and Minnesota.
01:02 Ag Markets with Greg Johnson, Total Grain Marketing
07:05 The Land Grant Weed Science Mission
07:19 Jeff Bode, Corteva Technical Agronomist
10:07 Aaron Hager, University of Illinois Crop Scientist
13:46 Ag Weather with Drew Lerner, World Weather, Inc.