Is the Macro pressure over?

The grain markets put more red on the screen yesterday making it the 3rd day of heavy selling as money managers cut risk across the board. Overnight we had some signs a promise as corn bounced 4 cents and soybeans 20 cents higher. The derecho storm across parts of SD, IA and MN did not cause significant damage from what we can tell and it did give some drier areas some relief on the outskirts of the storm. Weather should be good the rest of the week before it turns drier in the second half of July but money flow is the biggest factor right now. So, we will be watching 5.71 in December corn and 13.04 in November soybeans. NFC Grain Comments Options -7.6.22 (1)