Utterback Audio: Technical Bounce on Better Than Expected Report

In the June USDA reports released Friday corn planted acres exceeded the March numbers and the average of trade estimates. Soybean acres came in under on both counts and soybean stocks came in below the average of estimates. Corn stocks were a little higher than average guesses. A better than expected report overall led to a technical bounce in the markets, according to Bob Utterback with Utterback Marketing Services. Hear his analysis:June-USDA-Report-Analysis-with-Bob-Utterback