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Corn futures ended firmer today to post sharp gains for the week. July corn ended 54 1/2 cents
higher than last week’s close, with December corn up 31 3/4 cents. Key for corn futures to build on
this week’s gains is how outside markets and the cash market performs….

July Corn finished up 10 1/2 at 635 1/2, 3 off the high and 16 up from the low. December Corn
closed up 8 3/4 at 537. This was 15 up from the low and 5 1/2 off the high….

Malaysian palm oil futures ended almost flat after hitting a near 5-month low, as lingering worries
over Greece’s potential exit from the euro zone dampened investors’ risk appetite….

Effective this Sunday, May 20 (trade date Monday, May 21), the electronic trading hours on CME
Globex for all CBOT Commodity, KCBT, and MGEX Grain and Oilseed futures and options will be
expanded to the following:Sunday to Friday: 17:00 CT to 14:00 Central Time (CT)Additional details
on the impacted products are available 
 
online. If you have any questions, please More >

July corn opened 6 cents higher on the session at 631 and established an early range of 630 1/2 to
638 1/2. A continued firm cash market and some continued uncertainty over a generally warmer and
drier outlook for portions of the Midwest helped to support the market…

China, the world’s top soy importer, will sell 600,000 tonnes of domestic soy from state reserves
next week to draw down old government stocks, and analysts expect the sales could pressure crushing
margins and slow down imports….

Argentina cut its 2011/12 soy forecast to 41.5 million tonnes from 42.9 million last month and
predicted 2012/13 wheat area would shrink nearly 14 percent from last season, the government said
on Thursday….

China’s corn supply is expected remain tight in the year to September 2013, leading to higher
imports, an official think-tank said, with a likely record harvest still falling short of a rapidly
growing domestic demand….

Russia may export up to one million tonnes of grain by July in addition to 25 million tonnes
already exported in 2011/12 season, Russian state news agency RIA Novosti quoted Deputy Agriculture
Minister Ilya Shestakov as saying on Thursday….

Russia may cut its 2012/13 grain crop forecast in May from the current 94 million tonnes due to
spring drought, a government source told Reuters on Thursday.  “It is clear now that the
forecast should be decreased, but it is too early to do it now….