Quarterly stocks tomorrow

Grains and oilseeds finished slightly higher yesterday after putting in new lows for the current move down from the WASDE highs from earlier in the month. The USD backed off new highs during the day yesterday and settled well below the 113.00 level. Export sales were better than expected with corn at 672K tons and soybeans at 973K tons. These are good numbers considering the strength of the USD versus every other currency in the world. Also considering that we have not seen any flash sales recently. We have quarterly stocks tomorrow and we will see what kind of adjustments the USDA puts to old crop production and carry in stocks. For today we will watch 6.65 & 13.92 for support and 6.88 & 14.32 for resistance. NFC Grain Comments Options -9.29.22 (1)

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