weekend grain comment 5-15-16 *LINK*

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What (IMHO) I think we know.
Corn acres less than 93.6 mil and possible 1-2 mil more
acres planted to beans.
USDA 2016 ending stocks 305 for beans?
Very aggressive increasing exports by 145 mil.

WeatherTrends360/new video update 5/13/16
Projecting Nat. Corn Yield 146

If you compare this yr like 2012, Dec. Corn made its move up on
June 20th-July 30th.

Last week late we saw some unwinding long beans,short corn/wheat
positions.Weather is cool but seems to be drier in many places.
By this coming weekend warmer (more normal temps).

July Corn
Res: 394.25-396.50 and 401.50-402.50
Sup: 385.75-385.25 and 379.25, 373.50

Dec Corn
Res: 398.50-400.25 and 402.50-403.75
Sup: 392.50 and 387-384.50, 381.25

Weekly Soybeans (now July contract)
Res: 1095-1108
Sup:1049-1043

Nov. Beans
Res: 1060-1070
Sup:1044-1041 and 1033 and 1015-1011

Weather cometh would seem to be bearish. Market action tells the
story.

Be Safe
GL

http://barringtoncommodities.com

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