Grain Markets Commentary
More buyers on Wednesday
More buyers on Wednesday
Corn was up big, gaining 13.5 cents yesterday while soybeans could only muster a 2-cent gain. Soybeans traded much higher before falling back to only slightly higher. The ethanol grind for last week was the 2nd biggest of all time and with the current margins if corn can be sourced the ethanol grind will continue to be big. Corn could not hold the 5.62 level so the technical strength was not there to finish the day but the market should be firmly supported. Soybeans need to start holding some gains to get excited. NFC Grain Comments 10.28.21 (1)