Beans dazzle !

[boarderbloke]

Near by months up nicely today. up 16 cents JULY, up 12.5 cents AUG CBoT. More rain headed toward upper midwest, beans will be later still.
Wheat also finished nicely at KCBT and MGE. Market coming to terms that spring wheat/durum won't be planted or will be late in the USA.

[errolanderson]

boarderbloke . . . July beans tested a
three month high overnight, but noticed
that the soybean basis levels across the
Midwest really took a dive yesterday.

Not sure how this basis change will affect
July today, but the sudden basis drop may
suggest a top is near (IMO).