WASDE aftermath

Corn and soybeans slightly lower but wheat slightly higher.

Carry outs moved higher across the board and we will see how the market trades to finish the week.

We have had 2.6 MMT of soybean export sales the previous two days and will we see more today, and will it matter?

Wheat is trying to work higher but December Chicago wheat is 17 cents from this week’s high, so it has work to do.

South American weather remains the same. Brazil struggles and Argentina gets more rain.

Support and resistance

4.62 & 13.28 for support

4.75 & 13.65 for resistance NFC Grain Comments Options -11.10.23

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