Focus moves to dry areas in South America

Corn and soybeans finished slightly higher after the USDA left their balance sheet numbers unchanged. Wheat traded lower on the day after the USDA added 15 million bushels to its carryout. The main focus will be the dry weather in South America for the next few weeks. Argentina is still trying to finish planting in very dry conditions. This will be more supportive corn since the Brazil soybean planted area in the north and central areas. Corn needs to trade above 594 in March and January Soybeans need to move above 12.80. NFC Grain Comments 12.10.21 (3)