# Grains rallying this morning. Thursday, June 6, 2024

> Early Thursday trade showed July corn up 10.25 cents and July soybeans up 18 cents, with CBOT wheat up 6.75 cents. USDA reported a 152,000 MT corn sale to unknown destinations. Weekly net corn export sales of 46.5 million bushels were near the high end of expectations, while soybean sales of 9.7 million bushels were near the low end.

- Date: 2024-06-07 · published 2024-06-07T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/6153-grains-rallying-this-morning-thursday-june-6-2024
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Solid corn sales support prices, while weak soybean sales add bearish pressure on soybeans despite the morning rally.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-07-12 | [Grains End the Day Mixed \| Friday, July 12, 2024](https://feedsoft.ai/events/5654-grains-end-the-day-mixed-friday-july-12-2024.md) | -2.4% | -2.7% |
| CORN | 2024-12-28 | [USA Grain Report 2024 - Milling and Grain](https://feedsoft.ai/events/27026-usa-grain-report-2024-milling-and-grain.md) | +1.1% | +4.8% |
| CORN | 2021-05-04 | [Morning Grains Comments 05/04/21 \| Market Reports \| feedlotmagazine.com](https://feedsoft.ai/events/7701-morning-grains-comments-05-04-21-market-reports-feedlotmagazine-com.md) | +1.5% | -5.8% |
| CORN | 2023-10-30 | [Morning Grains Comments 10/30/23 \| Market Reports \| feedlotmagazine.com](https://feedsoft.ai/events/33683-morning-grains-comments-10-30-23-market-reports-feedlotmagazine-com.md) | -3.3% | -6.3% |
| CORN | 2020-06-12 | [Daily Market Wire 12 June 2020 - Grain Central](https://feedsoft.ai/events/4927-daily-market-wire-12-june-2020-grain-central.md) | +0.2% | +1.6% |
| SOY | 2024-07-12 | [Grains End the Day Mixed \| Friday, July 12, 2024](https://feedsoft.ai/events/5654-grains-end-the-day-mixed-friday-july-12-2024.md) | -3.9% | -11.6% |
| SOY | 2024-07-16 | [Morning Grains Comments 07/16/24 \| Market Reports \| feedlotmagazine.com](https://feedsoft.ai/events/4452-morning-grains-comments-07-16-24-market-reports-feedlotmagazine-com.md) | +3.7% | -6.1% |
| SOY | 2020-03-26 | [Morning Market Review for March 26, 2020 - HighLine Grain Growers, Inc](https://feedsoft.ai/events/11212-morning-market-review-for-march-26-2020-highline-grain-growers-inc.md) | -2.1% | -4.8% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/grains-rallying-this-morning-thursday-june-6-2024/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.