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Wednesday July 1st- Sept Corn +9  cents , August beans +12 3/4 , July wheat +8 3/4
Funds continued to cover their short positions in corn and add to long bean positions. The Weather forecasts look warm and dry next week.  No markets Friday due to the holiday.  It will be all about weather Monday morning.
The thoughts that USDA reports are always negative was shattered  with the USDA Quarterly Stocks report and Planted Acre report.    The bullish news came in the Planted Acres.  Corn acres were 92 million, down 5 million from the March USDA numbers and 3 million lower than expectations.
Bean acres were 83.8 million, close to the March intentions, but lower than the estimates.
Suddenly 895,000 bushels come out of the 20-21 carryout numbers and the burdensome number of 3.3 billion comes down to 2.4 billion, still a comfortable number, but not as everwhelming. 

 
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