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Weather, not USDA report, traded
date:Jun 30, 2012
vs. the average trade estimate of 640 million bushels and the USDA's March estimate of 1.372 billion bushels.

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Jason Ward, Northstar Commodity analyst, says the Report is being considered a bit negative for the markets.

Acres were in-line with expectations, a little negative to soybeans. But, our view is some of the intended double crop acres wont get planted, unless rain develops south of I-80 where wheat was, Ward says.

Grain Stocks were supportive to corn, neutral wheat/soybeans,

12/21 23:29