PDF attached
Soybeans,
corn and wheat are under pressure from a reversal in the USD and improvement in overnight rainfall for the heart of the US.
Rains
last night reached a little further north and east than the trade had anticipated, starting prices lower this morning. The WCB continues to get missed though. Yesterday’s crush report for July came in better than expected with a 184.5MM bu crush and oil stocks
were slightly less than expected at 2124. 100 oil receipts were cancelled last night by Bunge Decatur and Solae Gibson City, 50 each. 360 meal were recirculated last night.