Rains finish up

Corn and soybeans were modestly higher yesterday as the wheat market extended its gains on dry weather in the EU & possible export curbs out of India. Overnight the markets turned negative on light volume and possible profit taking. The markets are trying to price in the better weather next week. We would expect some buyers to come in at lower levels. The Northern Plains and Canada will continue to fight rainy forecasts next week so little progress will be made there the next 2 weeks. Watch the overnight lows for 1st support. That would be 7.86 and 16.27 in the July contracts. NFC Grain Comments Options -5.6.22 (1)