Markets are higher this morning after positive outcomes in Greek elections over the weekend resulting in the pro-bailout party capturing the most votes. The EPA cleared the blending of higher ethanol fuel to as much as 15% which certainly will have the corn markets attention. Despite the much needed and anticipated rain over the weekend 1/3 of the Midwest remains dry causing concerns as the corn belt is set see temperatures in the mid to upper 90’s. Outside markets have crude lower, dollar higher, and the Dow lower.
Corn 5-7 higher
Beans 8-12 higher
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