Morning Quick Notes

Overnight

  • Grains are mixed near the break
  • Wheat is higher by 8 cents, corn is off 1 and beans are down 1/2
  • Crude is lower by 32 cents

Headlines

  • Among the tariffs announce by Canada efective yesterday were ones that target US Beef
  • Open interest declined by a half a million futures and options contracts to just under 4 million total.
  • This weekly decline ranks third-largest in a decade, likley driven by managed money exiting ag sector over trade disputes
  • For June KC Wheat futures were down 72 ¼, Corn was down 42 ½ cents, Soybeans down $1.54
  • The EIA reported U.S. biodiesel production fell to 140 million gallons in April from the 147 million gallons produced in March