THURSDAY 6/11/09 - A.M.

Higher crude and a lower buck is a 'well tested formula that spells recovery for CBOT futures. Better corn and bean values will improve wheat's outlook.   Bouncing along with 'outside markets' puts extra volatility and risk into the cash marketing equation. 'Take advantage of the highs and protect against the lows' is easier said than done.

The weekly wheat export sales report was termed supportive. SWW's tally enhanced by the Philippine's 34,900 Mt and Indonesia's 30,000 Mt bookings.

SWW track bidders displayed a wide range of opinions. Old to new crop marketing and logistical staging ongoing. As the 'silly season' approaches, trading pace is ratable and variables appear manageable. It can all turn on a dime.