Grains stabilize after the four day slide March 1, 2023
May corn finally stabilized after the prior four day slide peeled off 44 cents. Today's close was right back to the 636 3/4 low from December that was key support for bulls to hold. A slight premium today was added with Russia's rhetoric and rumors that China may have bought some US corn. Argentina weather remains a problem. The trade still has overall concern about old crop export sales and new crop supplies ahead with no 2023 weather issue of concern yet.
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