Money flow pushing prices higher

Big up day for corn and soybeans on the 2nd day of trading for ‘22. Corn was up 20 cents and soybeans jumped 35 cents. There was some major money flow into the markets as corn open interest grew by 12k contracts and soybeans by 10k. Analysts continue to lower South American production estimates and the weather is still detrimental. We may have some pull back here and there this week but managed money wants to own corn and soybeans right now so prices should be supported on any price drops. NFC Grain Comments 1.5.22 – Copy

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