Corn and beans under pressure on more fund liquidation and technical selling as we took out long term chart support, but option expiration and weather are also factors. Wheat slightly higher with rains missing some key HRW areas. Cash basis levels remain firm with tight supplies and bull spreading but how long will that continue and what will flooding on the MS River means for basis? Nick Tsiolis, Farmers Keeper has details.
Corn and Beans See Technical Selling with Weather, Option Expiration Bearish: Cash Basis Levels Firm but For How Long?
Corn, beans see technical selling breaching major support, option expiration, weather also factors. Cash basis firm but how long will that continue, how will MI River flooding effect it? Nick Tsiolis, Farmers Keeper.
April 22, 2023 02:50 PM
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