Money flow remains king

Tensions in Russia have taken a back seat as money flow into the grain sector has brought the complex off the Tuesday lows. Managed money wants to own the grain market. That coupled with the fact that the SA crop is shrinking and there are some quality issues in the north due to too much moisture during harvest. Not sure how widespread the damage is but it is another hurdle for this South American crop. We will have to concentrate on the recent highs as the markets look to challenge them maybe this week. Export sales were excellent for soybeans at 2.89M tons and decent for corn at 934K tons. In March soybeans that is 16.33 and 6.63 in March corn. NFC Grain Comments 2.17.22 (2)