Are new highs in store?

Corn and soybeans added small gains yesterday and for the week corn is down a penny and soybeans up 9 cents. We have had big ranges for this week and we will see how the last day of the week today. We know about SA weather issues and with the latest drought monitor we see an expanding dryness issue in the US. Currently 32% of the corn growing area is in drought conditions and 71% of the winter wheat area as well. We have plenty of time to correct this but the situation is trending the wrong direction right now. We have had some excellent export business recently in soybeans and with the Russian situation and weather issues look for solid markets to finish the week. Watch 6.42 for support in March corn and 15.82 in March soybeans. NFC Grain Comments 2.18.22 (1)

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