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Soybeans Lead on Fears of Production Losses After Massive Flooding in RGDS; Corn Back to March 28th Levels With Important Technical Objectives Right Near the Market
An overnight bounce. Oversold? Too much US rain forecast? Russian rains forecast have disappeared? Take your pick.
Correction Continues in Winter Wheat as Big Carries Start Making Their Way in Calendar Spreads
Quiet and slightly lower in all but Chicago wheat overnight. Forecasts are wet now for the US and leaning back dryish for Russia
HRW Resumes its Technical Correction After Failing at the 200-Day MA Friday and Yesterday; Some Forecasts Calling for Rains in Parched Areas of KS
Wheats get a little goofy overnight and this AM as deliveries/nondeliveries play out by class and weather factors in.
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