USDA Finds Smaller Corn and Soy Old Crop Stocks, Planting Risk Remains

Traders went into the 11 am Central report with a head full of steam for old crop. They ended it the same way. Smaller 3/1 old crop stocks helped the May push past the 61.8% retracement mark. This was the best trade in over a month for May. There were no China buys this morning. New crop floundered with trading on both sides and a near unchanged close.

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