Grains trying to rebound from early week selling

Corn and soybeans finished higher yesterday and came out firm last night but finished the overnight slightly lower. China has announced sanctions on Speaker Pelosi personally and her family due to her trip to Taiwan but at the same time they are buying soybeans for the US, so it is a tough read. China did start live fire military drills near Taiwan yesterday and will continue into Monday. We will be watching those early week rains forecasted for Sun/Mon in N IA and S MN to put pressure on the markets and may fill the gaps left from last week. If they disappoint we look for firm pricing to start the week. For today watch 5.88 and 13.85 for first support and 612 and 1435 as first resistance. NFC Grain Comments Options -8.5.22 (1)

Sign up for text alerts from NFC! Enter your mobile number to join: