Rains here NW of the city were lighter than expected. We were in a range of 1-1.25 inches. Were lucky if we saw a half. So the band went more south.

When the gap was open at 420 the swing number was around 448-449. BUT the trade and forecasters suck us all in on Friday about this week being hot and dry. WRONG.

BUT right now I feel were just seeing fund money moving due to margins and that Brit vote coming. Also there is going to be a lot of feed wheat around.
Lets add in options expire this Friday......cz $4 strike in play now.

Tech side 618% correction is around 396 for cz. Seems there is some precp. next week moving into the Delta. They are hot and dry. For La Nina seems later in the second half of July imho. Thus we are seeing bean/corn positions working. Beans will have a story in Aug. plus demand.

Next is the June 30th report. Watch the reaction. We will trade the numbers and also know what the weather looks like for that 4th of July time frame.

Did we see the highs in corn for the year?/