Mark Soderberg at ADM Investor Services said, “Prices were sharply mixed ranging from $.04 higher in July-25 CGO to $.10 lower in KC July-25. Deliveries against CGO futures were light at only 10 contracts while much heavier for KC at 315 contracts. KC spreads widened out to new lows.” Chad Pater at CHS Hedging said, “In today’s acreage and quarterly stocks report, wheat also came in close to expectations. The USDA put planted acres of all wheat at 45.48 ma (million acres) vs. the average guess of 45.44 ma. Stocks were set at 850,505 bushels vs. average estimations of 836,000 bushels.” Brandon Doherty at Total Farm Marketing said, “On a bullish note, Argentina is said to need more moisture for establishment of their winter wheat crop. There is not much precipitation in the forecast, except for scattered showers this weekend. It is a similar story for Australia, with winter wheat areas too dry.”