Funds Cover Portion of their Corn Short Prior to USDA Report on Tuesday; Unknown Buyer Secures 2 Cargoes of US Soybeans; Russian FOB Wheat Erodes
Summer row crops are higher with wheat futures mixed in midday CBOT trade. Funds continue to cover shorts with optimism expressed on US/China Phase 1 Trade. ARC notes that morning CBOT volume has been modest with just 52,000 contracts of July soybeans and 65,000 contracts of July corn changing hands (including overnight trade). End users…