Grains Soar On Yield Risks

This was a big week for corn with December +67 cents. Two week forecasts are now getting closer to July weather, the key period of yield determination, and the market is actively pricing in risk. The closing trade this week was positive with new highs, a new high-close and also a close near the high of the day. For December, all of our upside targets have been filled. For July there remains two upside chart based targets.

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