Record low levels on the MS River this week?

Corn and soybeans continue to struggle and traded slightly lower overnight as the USD trades above 105 and lack of rain keeps the MS River levels on the decline. We could see record low levels late this week. There are widespread rains forecasted for next weekend so we could see river levels start creeping back up. Ideally, we would like to see rising river levels and the USD rolling over to get some support under these markets. Funds were sellers in the last report, which is no surprise considering the price action. The market needs to see lower yields confirmed off the combine and some better situation for exports. We will get some seasonals that will start working in our favor. For today, we will use 4.74 & 13.30 for support and 4.84 & 13.46 as resistance. NFC Grain Comments Options -9.18.23

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