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feed-grains soy-oilseeds wheat

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THE OPEN July beans:  9 higher July meal:  .20 lower July soyoil:  64 higher July corn: 3 3/4 higher July wheat:  1 3/4 lower The markets opened as called but quickly traded both sides of unchanged.   Soyoil futures traded sharply lower led by May, which found the panic buying and short-covering on the wane heading into first notice day.   The International Grains Council (IGC) trimmed its forecast for 2021/22 global corn, down 1 mmt to 1.192 bln with the US down 4.5 to 379.5 mmt.  Increases were noted for Argentina for 21/22, up 3 mmt to 59.3 mmt, and the EU up 2 mmt to  67.5 mmt.  Global wheat was up 16 mmt to 790 mmt for 21/22.  SOY

Prices opened as called but short-c...

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Forecasting developments in production agriculture

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