Watching Levels of Support

We will be watching to see if these key levels of support can hold. That is:

May corn at $3.62

May soybeans at $8.92

May CBOT wheat at $4.34

We will also be watching to see if the low for the week comes in by noon on Monday and the highs are made late in the week. This would signal a change to the bearish pattern we have been in since January.

Get our daily in-depth analysis delivered directly to your inbox by 5:30 AM CST each morning, along with other services created specifically for farmers, when you become a Kluis Commodity Advisors client. Try our Kluis Commodity Advisors 30-day free trial to test it out.