Measured pull back post report but is there more to come?

Matt Huston

Corn and soybeans pulled back yesterday one day after the bullish USDA report and are a little lower overnight. We are moving into a seasonally negative time frame as harvest ramps up so without some more bullish news we may drop back a little more. The potential railway strike on Friday could cause a market disruption by hampering the supply chain for many commodities. We will keep our eyes on any developments there. For today, watch 6.80 & 14.75 for first support and 7.00 & 15.05 for resistance. NFC Grain Comments Options -9.14.22 (1)

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