Grain Markets Commentary
Corn trades 10 cents higher yesterday!
Corn and wheat futures finished double digits higher yesterday as this winter storm moving across wheat growing areas has brought some winterkill worries to the forefront. We will have to see if corn can hold the upward momentum as the March contract did settle above 6.55. Soybeans were slightly higher but were a little light on the export sales today along with corn. The overnight finished with both slightly lower and may see some pressure to start the day. Argentina will get some more late week rains but is still trending dry overall along with S. Brazil. For today, we will watch 6.55 & 14.62 for support 6.65 and 14.92 for resistance. NFC Grain Comments Options -12.22.22