Planting progress could be higher than expected

Old crop contracts traded strong yesterday after Argentina production was cut by Buenos Aires Grain Exchange, but they finished weaker into the close of trading. There was weakness overnight and we believe there may be some pressure into the weekend as planting progess could be larger than expected this week. We do have some wetter cooler weather on the way next week which could slow progress. China has been back in the last 2 days for corn and some think our corn export window will be longer than normal as Brazil concentrates on exporting their record soybean crop. For today, we will use 6.48 & 14.85 for support and 6.61 & 15.22 for resistance.NFC Grain Comments Options -4.13.23

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