Morning Highlights for Monday June 18 2012 from Country Hedging's Chris Steinhoff

Crude oil is down 70 cents…gold is $5.50 lower, silver is 30 lower…Greece situation is still quite fluid but they did have elections…Who is next inline for a bailout??? Nikkei , Hang Seng and Shanghai were firm…Dow, Nasdaq and S&P futures are lower…

Corn…rains are light in Indiana and the forecast doesn’t look real good this week..meanwhile the ECB looks very good in many areas

                …some ECB corn will begin pollination soon and some of that corn is under stress

                …weather is becoming critically dry in parts of the ECB

                …last Friday Informa raised their acres to 96.759 million.

                …farmer movement is slow, but at some point the inverse will disappear

                …keep hearing reports of small ethanol plants shutting down until margins improve…...corn origination is difficultn

Old crop trading up 5, new crop trading up 10

Beans…mainly higher overnight as dry corn weather = dry soybean weather

                …higher on the Greek election? Sure let’s go with that.

                …China demand? Seems to be kinda slow lately, as they try to sell reserves

                …informa acres guess is 75.959

                …supplies are tight in SA too

Trading 10 to 15 better…

Wheat…US SRW and HRW harvest moves forward adding to US supplies

                …there are scattered concerns throughout the world like Argentina, Aus, Russia etc etc

                ..Iraq bought some wheat over the weekend, but not from the US

                ..india and iran are in talks for some wheat business

Trading 3 to 8 higher…

Christopher Steinhoff
Market Analyst
800-328-6530
651-355-6558
651-355-3723 fax

www.countryhedging.com