general US weather theme is unchanged from yesterday. A short-lived ridge will develop over the US Midwest next week. Before and after that event sporadic rain will occur. Corn, wheat and soybean prices are mostly lower led by corn. USDA crop progress showed
a 1 point improvement in corn while a 2 point decrease in soybeans are limiting early losses. Spring wheat ratings declined 6 so look for a possible two-sided traded in MN. Japan seeks 101,243 tons of food wheat later this week. China imported 370,000 tons
of pork during May, up 86 percent from the previous year, and 640,000 tons of corn, down 15 percent. China’s Sinograin sold 1.1MMT of corn out of auction (1.7MMT total so far this season).