One Week Away: Grain Stocks and Prospective Plantings

Corn remains in a clear long term uptrend. Within this uptrend old crop is in a three week sideways move while new crop is still seeing regular new highs. Weak old crop export sales and mixed/lower energy was noted for today. Ukraine issues continue to support old and new crop. US yield concerns and generally high energy are other factors. Brazil weather remains one factor not on the bull side.

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