Market Information

MAC will celebrate its 50^th Anniversary tomorrow. Offices and plants will be closed but cell phones will be ready to take your calls if you have marketing needs. I will have a morning update tomorrow.

48-hour precip map:

The corn contracts are poised to make another bearish moving average cross. The September contract is moving into a 10/20-day moving average. 437 is daily chart support.

December corn traded to withing a half cent of our sell stop at 458 yesterday and traded to a low at 459 overnight. A close below 458 moves daily chart support down to 450.

November soybeans are trading on daily chart support between 1174 and 1170. Next support is 1151. 1151 is the current sell stop.

September wheat gapped higher overnight and will run into resistance at 645, 654.