Grains Extend Gains Post USDA Report

An article on AgWeb

Grain markets ended higher on Tuesday after some friendly data in the USDA reports and were extending gains on Wednesday morning.

Jon Scheve with Scheve Grain says the grain futures were beat down coming into the reports due to farmer selling head of the end of the month and first notice day on the July contracts.

So with that selling pressure out of the way and a new month and quarter starting there is some new money and new buying in the grain markets.

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