Julianne Johnston

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Rains are needed to stimulate nodal root development
Agronomists urge early scouting of fields.
Pending CFTC approval, new trading hours will begin no later than Sunday, June 3.
Leaves all other estimates unchanged.
Rains along Mexico’s Gulf Coast benefit soil moisture.
Timely rains benefited safrinha corn crop in Brazil.
Leaves all other estimates unchanged.
FAO’s Food Price Index fell three point from last month.
New estimate is 2.5 MMT above USDA’s current peg.
Pegs 2012 winter wheat crop at 1.656 billion bushels.