File(s) attached


New month/new money.  Follow through buying is seen this morning for corn (Sep. above 100-day MA) and soybeans (Aug highest since April fools’ day).  Chicago and KC wheat are higher following corn.  Rain forecast for the northern Plains is pressuring MN wheat.  USD and WTI crude were firmer and US equities lower.  Japan is in for feed wheat and Algeria bought 300,000 tons of food wheat.  China cash crush margins improved from yesterday and China soybean meal futures were up 1.8 percent.  Malaysian palm snapped a 5-day losing streak by trading 30 MYR higher.  Rotterdam vegetable oil and meal prices are sharply higher from this time yesterday morning.  Today we get Brazilian trade data and EIA ethanol production.  US crush and corn use will be out after the close.  We don’t expect much in the way for Chinese demand.  Look for the trade to remain focused on the drier pattern for the WCB post July 4. 






Terry Reilly

Senior Commodity Analyst – Grain and Oilseeds

Futures International │190 S LaSalle St., Suite 410│Chicago, IL  60603

W: 312.604.1366

AIM: fi_treilly

ICE IM:  treilly1

Skype: fi.treilly


Description: Description: Description: Description: FImail


Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons.  All of these investment products are leveraged, and you can lose more than your initial deposit.  Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction.  The information provided here should not be relied upon as a substitute for independent research before making your investment decisions.  Futures International, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs.  All investors should obtain advice based on their unique situation before making any investment decision.  The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative.  The sources for the information and any opinions in this communication are believed to be reliable, but Futures International, LLC does not warrant or guarantee the accuracy of such information or opinions.  Futures International, LLC and its principals and employees may take positions different from any positions described in this communication.  Past results are not necessarily indicative of future results.