Tuesday June 30, 2020

• USDA report out at noon today – some buying to level out some positions before noon
  • Overall we are expecting to see big stocks and big acres so any reports smaller than expected would be beneficial to the markets
• Crop concerns remain minimal as some scattered showers remain on the radar 
• U.S. Crop ratings 
  • Corn conditions rose a point this week to 73% good/excellent – 5 year average ratings are 69% g/e
  • Soybean conditions also up a point to 71% g/e – compared to average of 64% g/e 
  • Winter wheat harvest 41% complete across U.S.