Corn hits 2012 levels

Grain complex finished higher across the board as the inflation trade keeps support under the commodities sector. Corn moved into the levels not seen since the drought of 2012 and we have yet to put any significant seed into the ground. We have tight balance sheets in multiple cash crops domestically and inflation running at a rate not seen since the early 1980’s. Throw the Ukraine situation on top of that and makes these prices possible. Weather looks to open up for farmers starting next week and if we see some decent planting progress the next two weeks you may see some decent pullbacks that should be taken advantage of by end users. Weekly exports sales were good for corn and soybeans but weak for wheat. We have moved to July futures so watch 7.60 and 16.40 for 1st support. NFC Grain Comments 4.14.22 (2)

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