Working off the weekly lows

Corn and soybeans finished mostly unchanged yesterday but they both have been working higher off the weekly lows from mid-week. Some supportive news this week included, good export sales for corn with China in the market again, Mexico reversed its proposed ban on GMO corn for livestock feed and industrial use, AgRural pulled back its Brazilian soybean crop to 150 and change and Argy weather moving back to hot and dry. We don’t know if prices can get back to 6.88 & 15.52 here in the short term but anyone who felt they missed out should try and take advantage if you get a 2nd chance. For today, we will use 6.72 & 15.20 for support and 6.85 & 15.38 for resistance. NFC Grain Comments Options -2.15.23 (1)