Grain futures prices for wheat slipped 0.4% to $6.12/bushel after profit-taking by commercial hedgers. European markets also saw mild corrections, reflecting easing Black Sea geopolitical tensions. However, traders warn downside may be capped if milling demand sustains through the summer contract roll. NYMEX platinum futures led the commodities sector on the upside in September. The market quickly shrugged off the bearish surprises to acreage, yield, and soybean exports found in the report. The current overall supply and demand picture, as seen in the stocks-to-use numbers, is not especially bearish. Moreover, there seems to be a general feeling that yield estimates have further to fall in the coming months, especially once harvest begins in earnest and yield monitors and harvest grain flow to elevators can begin to quantify some of the speculation on yield. Soybean grain futures prices attracted buying interest following stronger-than-expected NOPA crush data. Prices moved to $12.53/bushel with steady open interest growth. Momentum traders argue that a close above $12.55 could invite fresh entry from trend-following funds.