June WASDE at 11:00

Overnight- Corn and soybeans futures higher and wheat lower.

This is the opposite of how pricing ended yesterday. Corn and soybean futures traded higher early but fell back to finish negative while wheat traded strong all day.

We have the June WASDE report today.

Domestically, production will not change since planting issues were not big enough to warrant any yield changes.

Corn usage could be bumped for exports and possibly ethanol.

Soybean exports could be cut a little.

World numbers are where some support could come from as the USDA is the high-water mark for Russian wheat, Argy corn and Brazil corn & soybeans vs estimates from their governmental agencies.

This will be where any likely fireworks will come from good or bad so stay tuned.

Hotter and drier forecast across the S Midwest with the N Plains and N Midwest looking at big showers.

Bottomline

We will see if WASDE gives us any good price action to execute some hedges or cash sales and then we will move onto the weather to end the month and going into the 4th of July. NFC Grain Comments Options -new (62)

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