date:Jul 02, 2014
nes of corn for China out of the Pacific, the first US corn cargo since late April amid continuing problems with GMO corn certification by Chinese authorities.
USDA spring wheat acreage number of 12.709 million was far above the top analyst estimate and 700,000 above USDA's March number setting a tone for weakness in all wheat markets. CBOT September wheat futures closed 16-1/4 cents lower at $5.77-1/2, while KCBT September closed 21-1/2 lower at $7.00-1/4. SRW wheat basis offers were unchange