Wheat and Corn

Another strong rally in wheat has helped pull corn higher, while crude oil trading back above $100 has added additional support. As corn revisits the March highs, we could see increased farmer selling emerge, especially with planting now over 25% complete and the forecast remaining favorable moving forward.

Soybeans continue to trade sideways within their recent range, as fast planting progress and favorable early weather keep rallies limited for now.

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