Grain Markets Commentary
More rain across the corn belt
Grains higher overnight as up is the path of least resistance currently. Slow planting here and production loss in South America with a war in Ukraine to boot has these markets moving higher. The dollar is at 2002 levels trading 103.50 plus and is not slowing anything down. Nothing has seen any rationing due to price and you see countries getting very concerned about food security. The momentum is very bullish and looks to remain that way until maybe we get a good amount of seed planted. Expect the overnight highs to be challenged out of the gate. NFC Grain Comments 4.28.22 (1)