No peace in the Middle East

Along with most commodities, corn and soybeans opened higher in the overnight after the Hamas attack over the weekend.

Crude jumped 4% even though this area does not produce oil but Iran is involved so there could be repercussions and we will be watching crude as the canary in the coal mine for commodities in the short term.

MS River remains at historically low and could be helped by late week rains across the upper Midwest.

Brazil dryness has narrowed on recent rains, but models turn drier.

Argentina remains dry and under stress across 75% of their growing region.

Support and resistance

4.90 & 12.71 for support

5.06 & 12.91 for resistance NFC Grain Comments Options -10.9.23

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