Soybean demand?

Corn and soybeans are trying to move higher this morning after negative week for prices last week. Good planting progress and weather in most of the corn belt coupled with demand questions kept the selling pressure on both commodities. Funds managers are still mostly negative and building shorts/discarding longs as we finish up planting. US old crop beans are still a good premium to Brazil, but we are competitive in new crop and need our forward bookings to catch up. For today, we will use 5.52 & 13.00 for support and 5.62 & 13.48 as resistance. New crop 4.90 & 11.68 for support. NFC Grain Comments Options -5.22.23

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