Open planting for most of the US

The wheat market has stopped rallying for the moment pulling back a little overnight down 26 cents in Chicago and 32 cents in KC. If the wheat market turns over it will likely drag corn with it. Soybeans have been strong the last week as basis firms for old crop. The Cornbelt should continue to make good progress and the N Plains looks for a little relief this week. May see a little pressure in the corn if wheat does not move back higher but soybeans look to remain firm. We got another flash sale of soybeans and expect some more the next couple of days with the rally we saw in the soybeans yesterday. Watching 792 and 16.62 for 1st support today in July. NFC Grain Comments Options -5.18.22 (1)

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