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Tug O’ War Between Bearish Balance Sheets and Threatening Weather Continues; Could be Weeks Before a Clear Winner is Determined
A late AM overnight rally keeps the bean up move going, takes corn to new Sep highs, and breaks the US wheats out slightly above 9 day ma lines.
Higher Start to the Week as Dryness in Brazil and the Black Sea Continue to Spur Short Covering
Geopolitics and Russia/Brazil dryness pushing futures higher to begin the week…
Corn lower and testing major 20 and 50 day moving average line support overnight in CZ4.
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