More gains overnight

More recovery yesterday and overnight in the corn and soybean markets with corn 37 cents of its lows and soybeans 70 cents. Drier and slightly warmer weather is on the horizon and with a massive sell-off by funds a decent rebound was expected. Technically corn needs to close above 6.08 and soybeans over 13.92 to get bulls excited. We have July WASDE next Tuesday and early estimates have little change from June other than plugging in the new acreage numbers. The weekly export sales numbers were dismal but much of that was expected and we will be trading weather until Tuesday. NFC Grain Comments Options -7.8.22 (1)