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| Filled the gap in CZ. There are various support levels at/near the 3.90 level. (1st gap filled in SX also)
I don't think anyone here thought these rains were a drought buster, only that the futures would not handle them well short term. IF the heat and ACTUAL full on dryness really verifies next week in C IA this break could be a distant memory sooner than expected. But the forecast has to turn out.
If it's any good, I don't think technically CZ should spend much if any time below 3.90
In all seriousness, what do ppl think of the conditions report on Monday? Think that will be important. I would like o see it at least some lower on corn. I am not sure we should be expecting any lower on the beans though. I would appreciate thoughts on this. | |
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Drought monitor
