Downside pressure remains 'on' with corn down 2-3c and beans lower by 5-8c

Crude oil is down $2.53/barrel @ $65.98 vs. a $78.40 high /$66.60 low yesterday

Iran launched 6 missiles towards U.S. bases in Qatar yesterday, explosions in capitol of Qatar, Doha yesterday

U.S. President Trump announced a ceasefire between Iran and Israel last night only to have the truce violated within hours

U.S. corn rated 70% GD/EX vs. 72% LW and 64% 5YA / U.S. beans rated 66% GD/EX vs. 66% LW and 63% 5YA

U.S. corn 4% silked vs. N/A LW, 4% LY, and 3% 5YA / U.S. beans 8% blooming vs. N/A LW, 7% LY, and 7% 5YA

FBN Acreage Survey pegs 2025 U.S. corn acres @ 95.0 mil vs. 95.3 mil in March / 2025 U.S. bean acres @ 83.7 mil vs. 83.5 mil in March

Private consultancy Ag Rural reported BRZ 2nd crop safrinha corn @13% harvested vs. 5% LW and 34% LY

Europe's crop monitoring service MARS raised their EU soft wheat yield est. from 89.8 to 90.0 bpa, +5% vs. 5YA

USDA Planted Acreage & Quarterly Stocks Report releases on Monday, June 30th @ 11:00 AM CST

No 'Turnaround Tuesday' in Chicago as Ags continue their push lower with wheat the downside leader and corn/beans in tow. Extreme weakness in crude oil is weighing on commodities with specs relentlessly selling corn as Midwest weather remains mostly ideal. Old and new crop corn contracts have scored fresh 2025 calendar year lows with contracts lows on deck. Old and new crop bean prices remain elevated though have retreated 35c+ from last week's highs. U.S. corn for export is starting to cede some of its leadership with Brazil's spot market now undercutting U.S. origin by $.20/bushel.