Focus will be on the June 30 USDA Acreage and Quarterly Grain Stocks Reports. The trade will be looking for smaller corn acreage, down 1 to as much as 3 million acres with soybeans planting expected to rise 1 to 2 million acres from the March Intentions estimates. The grain stocks report is always volatile, and trades will be looking for larger corn and smaller soybean inventories then a year ago in next week’s report.
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