Harvest hits the homestretch

Corn and wheat are cheaper overnight while the frontend of the soybean curve is higher.

Corn is 81% harvested and soybeans are 91% done. The warm and dry forecast will quicken the end of harvest.

Brazil will be dealing with 100-degree temps and no rain in the next week.

Planting pace has fallen off the last 2 weeks and is now the slowest since 2020.

USD has bounced and is back over 105.00 this morning adding some pricing pressure on commodities.

Crude oil has dropped below 80.00 a barrel and will likely weigh on corn and soybean oil prices unless trades back over 80.00.

Support and resistance

4.72 & 13.34 for support

4.84 & 13.66 for resistance NFC Grain Comments Options -11.7.23

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