Wednesday trade lead in the grain room by wheat with Russia concerns that I believe are real, with Sept up 32 1/2 cents, 674 1/4. I think one of the factors that will affect corn usage this year is we are potentially taking feed wheat off the table, at least in the US. Sept corn off 2 3/4 to 485 1/4 with DEC unchanged. Another factor yet to unwind is ethanol usage which most expect to be unchanged to lower and I will argue that E 15 will take demand up, potentially measurably if crude is basing. Chop day in beans, 1378 1/4, plus 3/4. Rice took a 50 cent up round trip but settles 4 1/2 higher, 1502. July had to look up 1850 to find a seller. Fed is making more clearly known that they will raise in July and bonds responds off a point and 12 tics, 125.08 while the Dow leaks 128 points, 34,509.
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