Tuesday USDA report the 10th
Brazil's CONAB crop production est. Thursday the 12th
Insurance avg right now: corn 412.75 and beans 958.25
that equals a 2.32 corn bean ratio.
IMHO the USDA report will be sold if we make new highs in corn
around 394-396 and 402.
As usual market reaction will be important.
March corn still trading between the 50 day ma res and support at
the 5 day 10 day and 20 day ( 10 day and 100 day is 379-379.50)
Keep eyes and ears open to outside news that moves the US Dollar,
Crude oil and the PNW dock problems.
I am leaning that this week puts highs in for the month and we trade
sideways to lower to finish the month. Time will tell
Again have resting sell orders in with your broker, elevator or cash basis
for the report.