Prices trying to grind higher overnight

Corn and soybeans traded a little higher again overnight. It has been a painful week thus far for grain prices after an explosive move higher last week. A slightly cooler forecast with some more rains for the WCB in the Euro model for early next week and the rising tension with China due to Speaker Pelosi’s trip to Taiwan have all put pressure on the corn and soybean market. China has already started their promised military drills around Taiwan today in retaliation to what they deem US interference. We will see if anything escalates as it could have a big effect on soybean exports. For today still watching 5.88 level in corn and 13.55 level for soybeans as 1st support and 6.00 and 14.05 as resistance. NFC Grain Comments Options -8.4.22 (1)