Morning CME Globex Update: July corn is up 2 1/2 cents, July soybeans are up 5 3/4 cents, and July K.C. wheat is up 8 1/4 cents. July K.C. wheat is trading higher with dry and windy weather expected in the southern Plains this weekend and fighting in eastern Ukraine stirring up more threats from Russia. Statistics Canada said that they expect 24.8 million acres of wheat to be planted in 2014, down 4.8% from a year ago. Thursday's export sales were neutral for corn, bullish for soybeans, and bearish for wheat.
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