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