Can’t keep a good grain market down

Corn and soybeans put in new highs for the move yesterday and then moved even higher overnight. The interesting part is Argentina forecasts have been better and maybe the markets need to see the rain hit the ground before it turns over. Commodity indexes have been rallying so much of this rally could be money flow from fund managers that think commodities are still a play from the longside this year. We will see if they continue to add this week or if we get a pullback from these new highs. There should be some technical momentum for both after the strong closes yesterday. For today, we will watch 6.78 & 15.26 for support & 6.93 & 1548 as resistance. NFC Grain Comments Options -1.18.23 (1)

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