Grains stabilize after the four day slide

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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