Stronger wheat futures at Chicago spilled into the day session.
One of the lead stories being the attack on June 4th by Russian forces on an up river grain loading and storage facility at Mykolaiv. The port is located between the Black Sea ports of Kherson and Odessa. The 515kt Nika-Tera facility handles grains and oilseeds with annual throughput of about 3.9mt. This potentially rates it as Ukraine’s 3rd largest grain export facility on the Black Sea. It has not been confirmed what was in the port facility at this time.
S.Korean firm Posco International, has announced that 115kt of wheat, barley and corn stored at their facility at Mykolaiv is to be exported by road. Posco staff must be feeling a little anxious given their facility is less than 1km away from the site that was bombed on Saturday. Posco moved about 2.5mt pa of grain through this facility prior to the Russian invasion.
Ukraine continues to export by road but at this stage that remains difficult. Some media suggest up to 28 thousand kilometres of road and much of the rail infrastructure in Ukraine has been destroyed. Analyst expect to see around 20% of usual exports make it to market in the short term. In the mid-term Ukraine will continue to improve out turn through Moldova, Romania and Poland but are unlikely to meet Black Sea capacity through these corridors.

Out after the close of the US sessions was the weekly USDA crop progress report. Corn planting is now at 94% sown (92% 5yr avg). This may put a bit of pressure on corn futures tonight after finding support from wheat to close higher last night. 79% of the winter wheat crop is in head, Kansas is 98%. Texas is about 36% through their winter wheat harvest. The winter wheat G/E rating was +1% to 30%. Spring wheat 82% sown (97% avg), emergence just 55%, very slow due to wet weather and much, much cooler conditions than normal. More rain in the forecast for eastern N.Dakota late in the week.