More retreating

Corn and soybeans continue to pull back for the 2nd overnight session in a row. Next week’s temperatures will really warm up for much of the corn belt and that has markets on their back foot right now. The question is how much thaw/melt they achieve in the Dakotas and Minnesota after this last snowstorm finishes up this week. The markets seem to be expecting a lot of progress next week and we are in the wait and see camp currently. We will see if old crop corn trading below 6.50 will spur any new China purchases. Crude oil has backed up a little but is still trading above $80.00 per barrel. For today we will use 6.44 & 15.05 for support and 6.55 & 15.25 as resistance. NFC Grain Comments Options -4.5.23 (1)