Grains:
- Corn crop rated 68% good/excellent, unchanged from last week
- Soybean crop rated 68% good/excellent, unchanged from last week
- US soybean yield forecast at over 53 bushels per acre, vs USDA 52 bushels
- Spring wheat crop 77% good/excellent, up 2% from previous week
- Winter wheat harvest at 71%, below expectations but above last year’s 53% On Monday,
- Managed funds said to have sold 6,000 wheat, 11,000 soybeans, 5,000 soymeal and
14,000 corn and bought 1,000 soyoil.
Crude Oil:
- US crude supply expected to increase by 1 million barrels
- Gasoline supply expected to decrease by 1.7 million barrels
- Distillates supply expected to decrease by 0.5 million barrels
Natural Gas:
- Storage increase expected between 12-30 BCF last week
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