Ukraine hopes pressure grains. June weather forecast is good.

At the end of each month, the Climate Prediction Center revises the one-month out forecast. Their June-only forecast on 5/19 suggested above normal temperatures for Southern/central areas and below normal precipitation for Nebraska through Western Texas. Today they suggested below normal temperatures for most areas in the Midwest and above normal precipitation for Kansas, Missouri and Oklahoma. This will have many questioning current yield premiums. This CPC update was released after today's market close.

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