An already low spring wheat CCI rating falls even further below the five-year average
Spring wheat crop conditions are deteriorating amid drought in the Northern Plains and PNW.
More rain is coming for the Northern Plains. Weather will share the spotlight with USDA's June S&D and Crop Production Reports. JBS announces it did pay $11 million in ransom.
Shipments of corn, soybeans and wheat were within expectations.
The market was too pessimistic on USDA's initial corn crop rating.
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The corn CCI rating is still a little above average, despite the weekly decline.