Kleist Comments

MORNING GRAINS 6/12/13
MORNING GRAINS 6/12/13

MORNING GRAINS 6/12/13

USDA S/D report today

Corn:

Exports: So.Korea buys 62,000t opt/org.

Comments: Major storm moving through midwest today, tomorrow; open interest rose 12,300 even as July falls 16,700 amid good volume; will wait for the report.

SOYBEANS:

Exports: None Visible.

Comments: Heavy rains today/tomorrow seen delaying more plantings; Argentine farm group repeats call for strike this weekend through Wed. next week; China weather OK northeast/ needed rains fall north China plains; open interest rose 5,700 even as July falls 11,900 amid good volume; await report.

Wheat:

Exports: None Visible.

Comments: India’s Rupee at a record low vs. U.S. dollar, wheat prices more comp0etitive; Australia’s Abare revises crop up 2% to 25.4mln.m/t’s up 15% on year from higher acres/rains; open interest fell 7,200 led by July off 17,100 amid strong volume; await report.

Kleist Comments

This is John Kleist, of Kleist Ag Consulting.
Questions? Email me: johnwkleist@sbcglobal.net

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