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28/06/11 -- Soybeans: Nov soybeans ended up 4c at USD13.19/bushel; Dec soymeal was down USD.80 at USD338.70; Dec soyoil finished up 39 points at 56.59. Crude oil was up more than USD2/barrel which was supportive as was spillover strength from corn. Beans however haven't given up quite so many gains as corn of late so that maybe explains why they rose less this evening. The average trade estimate for June 1 soybean stocks on Thursday morning is 592 million bushels. Planted acreage is seen at 76.53 million.

Corn: July corn was up 22 1/4 at USD6.83/bushel; Dec corn was up 26 1/4c at USD6.53/bushel. Corn rebounded from some very steep recent losses with funds supposedly buying 17,000 contracts on the day. The average trade estimate for June 1 corn stocks on Thursday morning is 3.302 billion bushels. Planted acreage is seen at 90.767 million. By and large, the 5-day forecast is dry in Central United States including key corn states Iowa and Nebraska, say Martell Crop Projections. That should be beneficial for spring growth.

Wheat: CBOT July wheat climbed 17 1/4 cents to USD6.40 1/4 per bushel; July KCBT wheat gained 15 1/4 cents to USD7.43 3/4; July MGEX wheat gained 33 1/4 cents to USD8.39. The average trade estimate for June 1 wheat stocks on Thursday morning is 826 million bushels. All wheat planted acreage is seen at 56.671 million. Deputy Prime Minister Viktor Zubkov says that with grain prices where they are now that "there is no need to impose export duties on grains."