Wake Up Call Allendale Advisory Center: Grain markets are slightly lower on a back and fill day. Outside markets are firmer with stock indices and crude oil leading the way higher.
Weather is not the driver supplying underling support as Argentina and Brazil have had good rains with more on tap. Brazil’s harvest is progressing and yields being reported are very good.
Traders are saying yesterday’s late session rally was technical in nature as March Corn rallied 2 cent in the last few minutes with over 11,000 contracts trading.