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The market was expecting planted soy to be at 48-50% planted and corn to come in around 68-70%.
Surprisingly, the commodities markets are somewhat tame, given that the envelope to plant and have a successful crop harvest prior to the first freeze is coming to a close shortly.
This was a big week, and in the next few weeks leading up to the Juneteenth holiday will be even more instrumental in forecasting grain futures through September.