The corn and soybean markets face a potentially volatile event on June 30th with the USDA Planted Acreage and Jun 1st Stocks Reports. Corn is already challenging the January 10th contract low at $4.35. This makes sense given the weather, the possibility that the planted acreage numbers will be bearish, and the possibility that June 1st corn stocks might be higher than expected due to lower than expected feed usage for the March-May time frame.
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