Last trading day before Easter

After a hot start Sunday night, corn and soybean contracts are limping home on this short week before Easter weekend. Some warmer temperatures have the markets feeling some fieldwork will start getting done and at least get some snow melting up north. Is this weather super bearish price or they just trying to find firm support. We have the April WASDE next week and tighter carryouts are expected for that report which backs up our thought that we will find some support soon. Argentina has started its 3rd round of the “soy dollar” to get more farmers to sell beans that Argentina can export. Argentina’s high inflation disincentivizes farmers to market their soybeans or corn. There is a feeling that many traders do not want to hold positions over the long weekend with the macroeconomic risks that we have seen over the last month. Weekly exports were better for corn but disappointing for soybeans. For today, we will use 6.42 & 14.90 for support & 6.66 & 15.22 for resistance. NFC Grain Comments Options -4.6.23 (1)