July corn was trading 5 cents higher late in the overnight session. Outside market forces were
negative overnight but shifted to a more positive tone this morning with the US equity markets
showing some strength and gold was higher again….

  Corn: 3 to 5 cents higher; cash market strength.  Wheat: 4 to 6 cents higher;
followthrough on weather concerns.  Soybeans: 3 to 5 cents lower; light profit-taking.
 Meal: Mixed; spreading….

    Corn futures finished mid- to high-range with July futures 5 cents higher and the
rest of the market 1 to 3 cents higher. Futures benefitted from short-covering, encouraged by
strength in the soybean market and ideas old-crop supplies need to be rationed….

July Corn finished up 5 at 625, 1 1/2 off the high and 9 up from the low. December Corn closed up 2
at 528 1/4. This was 5 1/4 up from the low and 2 3/4 off the high….

July corn opened 1/2 of a cent lower on the session at 619 1/2 and established an early range of
616 1/4 to 624 1/4. The market saw choppy and two-sided trade early in the session attempting to
consolidate yesterday’s strong gains….

Topics in this issue include:
Critical
System Updates FIX/FAST Operators Release – June 3Changes to Source IPs for the Market Data
Platform B Feed for Non-GLink Connections – June 17CME Globex Performance Release – Starting August
26
New
Functionality iLink Enhancement for Order Handling Flag – June 3iLink Enhancement for Cancel Type
Indicator – July 1
Product
Launches Implied Inter-Exchange MGEX-CBOT Futures Spread –… Read more

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….

China purchased 900,000 tonnes of U.S. corn in the eighth largest one-day corn sale ever, with most
of the supplies for shipment in the next marketing year that begins Sept. 1, the U.S. Agriculture
Department said on Wednesday….

China, the world’s second largest corn consumer, will reap another record harvest of the grain this
year as it planted more acres to meet surging demand at home, while soy output is set to drop
again, according to estimates from an official think-tank….

Malaysian palm oil futures regained ground  after steep losses the previous day, but traders
remained cautious on concerns a possible Greek exit from the euro zone could heighten risk of a
global recession and hurt commodity demand….