Grains Bounce As Planting Gets Going

Yesterday's planning pace report came in at 8% complete which was above the 5% average but just short of the 10% that trade expected. Overnight trade added support likely due to the fact the planning pace did not meet the 10% expected along with a 5 day forecast that did include moderate rains for the Midwest. Once the day session trade began there was less support seen likely as day session traders were less concerned over planting pace missing expectations by just 2% along with the weather forecast.

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