Softer prices again overnight

Negative momentum from Thursday rolled over into the night session but a late session bounce has corn go positive and soybeans only 4 cents lower. We have been chopping around in corn and soybeans for the last couple weeks. The markets are waiting out a resolution of the Russia/Ukraine conflict and the acres report next week. Egypt the world’s biggest wheat importer is looking at alternative sources as they usually buy most of their wheat from Russian and Ukraine so they are now looking to the US and Argentina for supply this year. New crop wheat sales are the best since 2011 which was before Russia became the world’s biggest exporter. Look for good support today as Friday’s are usually trend days. NFC Grain Comments 3.25.22 (2)