Jun 09 | Closing Market Report

Jun 09 | Closing Market Report

From Closing Market Report by Todd E. Gleason

June 9, 2026 · 24 min · Episode 10368

About this episode

The episode discusses a recent sell-off in commodity markets and various agricultural news updates.

The Closing Market Report from June 9, 2026, details a recent sell-off in commodity markets, with corn, soybean, and wheat prices returning to January lows due to the current absence of a weather premium. The upcoming WASDE report is expected to reflect strong export sales and potential adjustments to old crop carryouts, while technical support levels suggest potential short-term recovery bounces. In agricultural news, the Senate is developing legislation for year-round E15 sales to match a recently passed House bill, and the shipping company Maersk has successfully tested 100% ethanol as a bunker fuel in Rotterdam. Meanwhile, the Strategic Petroleum Reserve is projected to reach its lowest volume since the 1980s, and a Wisconsin farmland auction yielded nearly $22,000 per acre. Furthermore, the rapid expansion of large-scale data centers in the Midwest has prompted significant local and state regulatory pushback regarding energy and water consumption, leading to temporary development moratoriums and the proposed repeal of tax incentives in states such as Illinois and Michigan. Finally, the agricultural weather forecast predicts severe thunderstorms and heat across the northern…

People in this episode

Host: Todd E. Gleason

Topics covered

  • commodity markets
  • agricultural legislation
  • weather impact on agriculture
  • data center regulation
  • market analysis

Keywords

  • corn prices
  • soybean prices
  • wheat prices
  • E15 sales
  • Strategic Petroleum Reserve
  • data centers
  • agricultural weather
  • export sales

Mentioned in this episode

Organizations: TotalFarmMarketing.com, Maersk

Places: Wisconsin, Rotterdam

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