GOOD MORNING, Prices are mostly higher this morning after the release of crop progress reports showed corn conditions off 3 percent vs. expectations for unchanged. The trade today may consist of more short-covering activity as funds are net short across the board. Wheat continues to sustain its recent upside turn higher from lower, with spill-over into the soy complex as more strength emerges. CROP PROGRESS
Corn: 3 percent lower vs. an expected unchanged, to 55 percent good/excellent, the lowest corn rating of the year. States that saw the greatest deterioration included Illinois, Nebraska, Michigan, Tennessee, and Texas. Missouri, North Carolina, and South Dakota saw the largest improvement.&n...