Wheat
Sees corn, soybean and spring wheat acres up from USDA’s March pegs.
Comes partially at the expense of a smaller soybean crop.
Notes much-needed rains stabilized the winter wheat crop in areas of the FSU.
Pending CFTC approval, new trading hours will begin no later than Sunday, June 3.
USDA crop progress and condition report highlights.
Rains along Mexico’s Gulf Coast benefit soil moisture.
FAO’s Food Price Index fell three point from last month.
Pegs 2012 winter wheat crop at 1.656 billion bushels.