Wednesday June 3, 2020

  • Markets continue to trade Chinese purchases made earlier in the week
  • Rains overnight were welcome, around Lucknow we received 1.5 inches 
  • Some timely rains as well in the U.S. is making it hard to keep a story for a weather premium in the corn market – expecting to see continued rising crop conditions next week 
  • Record domestic crush levels and Chinese buying is still the focus of the bean market adding a little more to its gains overnight