First trading day of 2023

How are we going to start the year this week? Argentina did get 1 to 2 inches of rain over the weekend to bring some stress relief, but the forecast does stay hot and dry the next 10 days. Will the market weigh more on the rain or the dry forecast? The USD is trading $1 higher overnight and crude is $1 lower will this pull on the corn and soybean markets or will they continue to show resilience in the face of outside pressure? Today we have a hard open at 8:30 AM CST and we will watch 6.72 & 15.05 for 1st support and 6.85 & 15.35 for resistance. NFC Grain Comments Options -1.3.23