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A technically unimportant rally night for US ags, CN/CZ spread loses ground rather than testing resistance as US precip forecasts are dry for next 10 days.
slightly lower ags overnight, we are at major support points for WN and KWN and SN and held major support areas in CZ and SX this week so far.
Yesterday’s Key Reversal Now a Distant Memory After Chicago Sinks Back Towards 6 Bucks; Hard Wheat Calendar Spreads Decline Further; Corn Firms on Strong Cash Markets and Dry 7 day GFS
Lower again in wheats overnight, steadyish in row crops. But it was all noise with no technical flat price breakouts. We await Memorial Day weekend and the weather forecasts for June 1-10.
Chicago Wheat Pulls Off Its Second Key Reversal this Month; Will we See Another Two Days of Rally Like Last Time?
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