Bullish corn is at 89.49, below trade guesses at 92ish. Dec corn up 35, which is the daily limit.
The bean number is a bit bearish but not too terrible; beans are off 8.
Wheat followed corn, with friendly acreage by 300k or so; wheat is up 35.
Overall, we are watching weather for planting even more closely, and the situation in Ukraine will be a large factor. It would not be surprising to see a shift up in corn and down in beans on the June report.
Overall, there is no change to current predictions that May-June could see a great selling opportunity.
