The December Corn is trading at 349 ¾ in the electronic session at this writing. The range has been 353 ½ to 349 ¾. Weather should continue to pressure this Market couple with First Notice Day in the July contact tomorrow Wednesday June 30th coupled with reports coming out on Grain Stocks and Planted Acreage Due out at 7:30 A.M.
On the Energy Front we are looking ahead to Consumer Confidence due out at 9:00 A.M and API Energy Stocks due out at 3:30 P.M .Tomorrow we will have the Chicago Purchasing and ManufacturingIndex out at 9:00 A.M. In the overnight the Crude is taking a beating with renewed fears of European debt which is breaking the Eurodollar heavily and we have a U.S. dollar rally and causing concern of what recovery we are going to have If we have one at all. The August Crude Oil is trading 7645 which is down 180 at this writing. The range 7832 to 7624. This should put a pall on bulls in this market.
(Note: All times are Central Standard Time)
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