Julianne Johnston

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Warm, rainy weather exposed winter crops in Europe.
Corn and wheat firm on spillover from sharp gains in the bean pit.
Tightening supplies will return as focus in the very near-term.
High-range closes would signal corn and wheat have secured near-term lows.
Traders are evening positions ahead of Friday’s key data.
Weakness in dollar index largely being ignored by grain traders.
Neutral conditions to continue into the first quarter of 2013.
Persistent rains reducing corn plantings.
Likely to repurchase at lower prices.
Technical damage and rains in Brazil open fresh downside risk for soybeans.