INO Evening Market Comments
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Started by tallpine - May 25, 2022, 4:37 p.m.

KEY EVENTS TO WATCH FOR:



Thursday, May 26, 2022  



8:30 AM ET. Unemployment Insurance Weekly Claims Report - Initial Claims

                       Jobless Claims (previous 218K)

                       Jobless Claims, Net Chg (previous +21K)

                       Continuing Claims (previous 1317000)

                       Continuing Claims, Net Chg (previous -25K)



8:30 AM ET. U.S. Weekly Export Sales

                       Corn (Metric Tons) (previous 1023.8K)

                       Soybeans (Metric Tons) (previous 902.2K)

                       Wheat (Metric Tons) (previous 334.1K)



8:30 AM ET. 1st Quarter Preliminary Corporate Profits



8:30 AM ET. 1st Quarter 2nd estimate GDP

                       Annual Rate, Q/Q% (previous -1.4%)

                       Chain-Weighted Price Idx, Q/Q% (previous +8.0%)

                       Corporate Profits, Q/Q% (previous -0.8%)

                       PCE Price Idx, Q/Q% (previous +7.0%)

                       Purchase Price Idx, Q/Q% (previous +7.8%)

                       Real Final Sales, Q/Q% (previous -0.6%)

                       Core PCE Price Idx, Q/Q% (previous +5.2%)

                       Consumer Spending, Q/Q% (previous +2.7%)



10:00 AM ET. April Pending Home Sales Index

                       Pending Home Sales (previous 103.7)

                       Pending Home Sales Idx, M/M% (previous -1.2%)

                       Pending Home Sales Idx , Y/Y% (previous -8.2%)



10:30 AM ET, EIA Weekly Natural Gas Storage Report

                       Working Gas In Storage (Cbf) (previous 1732B)

                       Working Gas In Storage, Net Chg (Cbf) (previous +89B)

                       

11:00 AM ET. May Federal Reserve Bank of Kansas City Survey of Tenth District Manufacturing

                       Mfg Activity Idx (previous 28)

                       6-Mo Exp Prod Idx (previous 49)

                       Mfg Composite Idx (previous 25)

                       6-Mo Exp Composite Idx (previous 34)



4:30 PM ET. Federal Discount Window Borrowings



1630/2030           Foreign Central Bank Holdings



Friday, May 27, 2022  



8:30 AM ET. April Personal Income & Outlays

                       Personal Income, M/M% (previous +0.5%)

                       Consumer Spending, M/M% (previous +1.1%)

                       PCE Price Idx, M/M% (previous +0.9%)

                       PCE Price Idx, Y/Y% (previous +6.6%)

                       PCE Core Price Idx, M/M% (previous +0.3%)

                       PCE Core Price Idx, Y/Y% (previous +5.2%)



8:30 AM ET. April Advance Economic Indicators Report



10:00 AM ET. May University of Michigan Survey of Consumers - final

                       End-Mo Sentiment Idx (previous 65.2)

                       End-Mo Expectations Idx (previous 62.5)

                       12-Month Inflation Forecast (previous 5.4%)

                       5-Year Inflation Forecast (previous 3.0%)

                       End-Mo Current Idx (previous 69.4)



The STOCK INDEXES? http://quotes.ino.com/ex?changes/?c=indexes



The Dow closed higher for the fourth-day in a row on Wednesday as it extends the rally off last-Friday's low. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 32,397.48 would signal that a short-term low has been posted. If the Dow renews the decline off April's high, the 38% retracement level of the 2020-2022 rally crossing at 29,814.73 is the next downside target. First resistance is the 20-day moving average crossing at 32,397.48. Second resistance is the 50-day moving average crossing at 33,682.43. First support is last-Friday's low crossing at 31,395.89. Second support is the 38% retracement level of the 2020-2022 rally crossing at 29,814.73.  



The June NASDAQ 100 closed higher on Wednesday. The mid-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are oversold, diverging and are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 12,430.12 would signal that a short-term low has been posted. If June extends the decline off March's high, the 50% retracement level of 2018-2021 rally on the weekly continuation chart crossing at 11,324.15 is the next downside target. First resistance is the 20-day moving average crossing at 12,430.12. Second resistance is the May 4th high crossing at 13,555.25. First support is last-Friday's low crossing at 11,491.25. Second support is the 50% retracement level of 2018-2021 rally on the weekly continuation chart crossing at 11,324.15.



The June S&P 500 closed higher on Wednesday. The mid-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 4042.29 would signal that a low has been posted. If June extends the decline off January's high, the March-2021 low crossing at 3759.50 is the next downside target. First resistance is the 20-day moving average crossing at 4042.29. Second resistance is the 50-day moving average crossing at 4283.03. First support is the 87% retracement level of the 2021-2020 rally crossing at 3894.79. Second support is the March-2021 low crossing at 3759.50. 



INTEREST RATES? http://quotes.ino.com/ex?changes/?c=interest ""



June T-bonds closed down 7 pts. at 141-22. 



June T-bonds closed slightly lower on Wednesday. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the aforementioned rally, the 50-day moving average crossing at 143-08 is the next upside target. Closes below the 20-day moving average crossing at 139-24 would signal that a short-term top has been posted. If June renews the decline off March's high, the 50% retracement level of the 1981-2020 rally on the monthly continuation chart crossing at 118-21 is the next downside target. First resistance is the April 27th high crossing at 143-09. Second resistance is the 38% retracement level of the 2021-2022 decline crossing at 146-25. First support is last-Wednesday's low crossing at 137-30. Second support is May's low crossing at 134-30.



June T-notes closed up 65 pts. at 120.185.



June T-notes closed higher on Wednesday as it extends the rally off May's low. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 120.176 would signal that a short-term low has been posted while opening the door for additional gains near-term. Closes below last-Wednesday's low crossing at 118.160 would signal that a short-term top has been posted. If June renews the decline off March's high, the April-2010 low on the monthly continuation chart crossing at 114.265 is the next downside target. First resistance is the 25% retracement level of the 2021-2022 decline crossing at 120.249. Second resistance is the 38% retracement level of the 2021-2022 decline crossing at 122.2111. First support is last-Wednesday's low crossing at 118.160. Second support is May's low crossing at 117.085.  



ENERGY MARKETS? http://quotes.ino.com/ex?changes/?c=energy ""



July crude oil closed slightly higher on Wednesday. The mid-range close sets the stage for a steady to higher opening when Wednesday's night session begins. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off the April 25th low, March's high crossing at $116.43 is the next upside target. Closes below the 50-day moving average crossing at $102.81 would signal that a short-term top has been posted. First resistance is last-Wednesday's high crossing at $113.20. Second resistance crossing at March's high crossing at $116.43. First support is the 20-day moving average crossing at $106.43. Second support is the 50-day moving average crossing at $102.81.  



July heating oil closed higher on Wednesday as it extends the rally off last-Thursday's low. The high-range close sets the stage for a steady to higher opening when Thursday's night trading session begins. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. Today's close above the 20-day moving average crossing at $3.7217. Closes below the 50-day moving average crossing at $3.4536 would signal that a short-term top has been posted. First resistance is the May 17th high crossing at $3.8324. Second resistance is May's high crossing at $3.9282. First support is the 50-day moving average crossing at $3.4536. Second support is April's low crossing at $3.0001.     



July unleaded gas closed higher on Wednesday as it extends the rally off last-Thursday's low. The high-range close sets the stage for a higher opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If July renews the rally off March's low into uncharted territory, upside targets will be hard to project. Closes below last-Thursday's low crossing at $3.4236 would signal that a short-term top has been posted. First resistance is last-Monday's high crossing at 3.8771. Second resistance is unknown. First support is last-Thursday's low crossing at $3.4236. Second support is the 50-day moving average crossing at 3.3206.      



July Henry natural gas closed slightly higher on Wednesday as it extends the rally off May's low. The low-range close sets the stage for a steady to slightly higher opening when Thursday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off May's low, the 62% retracement level of the 2005-2020 decline crossing at 10.299 is the next upside target. Closes below the 20-day moving average crossing at 8.066 would signal that a short-term top has been posted.First resistance is today's high crossing at 9.437. Second resistance is the 62% retracement level of the 2005-2020 decline on the monthly continuation chart crossing at 10.299. First support is the 20-day moving average crossing at 8.066. Second support is the 50-day moving average crossing at 6.979.      



CURRENCIES? http://quotes.ino.com/ex?changes/?c=currencies ""



The June Dollar closed higher on Wednesday as it consolidates some of the decline off May's high. The mid-range close sets the stage for a steady to higher opening when Thursday's nights session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling sideways to lower prices are possible near-term. If June extends the decline off May's high, the 50-day moving average crossing at $101.16 is the next downside target. Closes above the 20-day moving average crossing at $103.42 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at $103.42. Second resistance is May's high crossing at $105.07. First support is the 50-day moving average crossing at $101.16. Second support is the April 21st low crossing at $99.81.  



The June Euro closed lower on Wednesday as it consolidates some of the rally off May's low. The mid-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the aforementioned rally, the 50-day moving average crossing at $107.89 is the next upside target. Closes below the 20-day moving average crossing at $105.58 would signal that a short-term top has been posted. First resistance is the 50-day moving average crossing at $107.89. Second resistance is the April 21st high crossing at $109.59. First support is May's low crossing at $103.62. Second support is the long-term support on the weekly continuation chart crossing at $102.47.



The June British Pound closed higher on Wednesday as it extends the rally off May's low. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the May 4th high crossing at 1.2638 would open the door for additional gains near-term. If June renews the decline off January's high, the 87% retracement level of the 2020-2021-rally on the weekly chart crossing at 1.1914 is the next downside target. First resistance is the May 4th high  crossing at 1.2638. Second resistance is the 50-day moving average crossing at 1.2794. First support is May's low crossing at 1.2156. Second support is the 87% retracement level of the 2020-2021-rally on the weekly chart crossing at 1.1914.  

 

The June Swiss Franc closed slightly lower on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this month's rally, the 50-day moving average crossing at 1.04908 is the next upside target. Closes below the 20-day moving average crossing at 1.01915 would signal that a short-term top has been posted. First resistance is the 50-day moving average crossing at 1.04907. Second resistance is the April 12th high crossing at 1.07960. First support is the 20-day moving average crossing at 1.01915. Second support is May's low crossing at 0.99485.



The June Canadian Dollar closed higher on Wednesday as it extends the trading range of the past two-weeks.The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this month's rally, the 50-day moving average crossing at 78.71 is the next upside target. Closes below the 20-day moving average crossing at 77.65 would temper the near-term friendly outlook. First resistance is the 50-day moving average crossing at 78.71. Second resistance is the April 21st high crossing at 80.24. First support is the 20-day moving average crossing at 77.65. Second support is May's low crossing at 76.60. 



The June Japanese Yen posted an inside day with a lower close on Wednesday as it consolidated some of the rally off May's low. The low-range close sets the stage for a steady to lower opening when Thursday’s night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways trading is possible near-term. If June extends the aforementioned rally, the 50-day moving average crossing at 0.079513 is the next upside target. If June resumes the decline off March's high, the February-2002 low on the monthly continuation chart crossing at 0.074150 is the next downside target. First resistance is the 25% retracement level of the January-April decline crossing at 0.079266. Second resistance is the 50-day moving average crossing at 0.079513. First support is the 20-day moving average crossing at 0.077524. Second support is May's low crossing at 0.076215.  



PRECIOUS METALS? http://quotes.ino.com/ex?changes/?c=metals ""



June gold closed lower on Wednesday. The mid-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off May's low, the 50-day moving average crossing at $1905.60 is the next upside target. Closes below the 10-day moving average crossing at $1833.20 would signal that a short-term top has been posted. If June renews the decline off April's high, the 87% retracement level of the 2021-2022 rally crossing at $1743.10 is the next downside target. First resistance is the 50-day moving average crossing at $1905.60. Second resistance is the April 29th high crossing at $1921.30. First support is the 75% retracement level of the 2021-2022 rally crossing at $1789.90. Second support is the 87% retracement level of the 2021-2022 rally crossing at $1743.10.  



July silver posted an inside day with a lower close on Wednesday as it extended the trading range of the past two-weeks. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Multiple closes above the 20-day moving average crossing at 21.978 would signal that a short-term low has been posted. If July resumes the decline off April's high, the 62% retracement level of 2020's rally crossing at 19.158 is the downside target. First resistance is the 20-day moving average crossing at 21.978. Second resistance is the May 5th high crossing at 23.345. First support is May's low crossing at 20.240. Second support is the 62% retracement level of 2020's rally crossing at 19.158.        



July copper closed lower on Wednesday as it consolidates some of the rally off May's low. The mid-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off May's low, the May 5th high crossing at 4.4400 is the next upside target. Closes below last-Wednesday's low crossing at 4.1315 would signal that a short-term top has been posted. First resistance is the May 5th high crossing at 4.4400. Second resistance is the 50-day moving average crossing at 4.5228. First support is last-Wednesday's low crossing at 4.1315. Second support is May's low crossing at 4.0370.



GRAINS? http://quotes.ino.com/ex?changes/?c=grains "



July Corn closed up a $0.00 1/2-cent at $7.72 1/4. 



July corn closed fractionally higher on Wednesday as it consolidated some of the decline off April's high. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at $7.68 3/4 would confirm that a short-term top has been posted while opening the door for additional weakness near-term. If July renews this year's rally, April's high crossing at $8.24 1/2 is the next upside target. First resistance is April's high crossing at $8.24 1/2. Second resistance is the August-2012 high on the monthly continuation chart crossing near $8.43 3/4. First support is the 50-day moving average crossing at $7.68 3/4. Second support is the 25% retracement level of the 2020-2022 rally crossing at $7.12 1/2.    



July wheat closed down $0.06 1/2 at $11.48 1/4.  



July wheat closed lower on Wednesday as it extended the decline off last-Tuesday's high. The high-range close sets the stage for a steady to slightly lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $11.40 1/4 would confirm that a double top with March's high has been posted. If July renews the rally off March's low, the 2008 high on the monthly continuation chart crossing at $13.34 1/2 is the next upside target. First resistance is March's high crossing at $12.78 1/4. Second resistance is the 2008 high on the monthly continuation chart crossing at $13.34 1/2. First support is the 20-day moving average crossing at $11.40 1/4. Second support is the 50-day moving average crossing at $10.96 3/4. 



July Kansas City Wheat closed down $0.04 1/2-cents at $12.33 1/4.

 

July Kansas City wheat closed lower on Wednesday as it extends the decline off last-Tuesday's high. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $12.17 would signal that a short-term top has been posted while opening the door for additional weakness near-term. If July renews this year's rally, the January-2008 high on the monthly continuation chart crossing at $13.84 3/4 is the next upside target. First resistance is the January-2008 high on the monthly continuation chart crossing at $13.84 3/4. Second resistance is unknown. First support is the 20-day moving average crossing at $12.17. Second support is the 50-day moving average crossing at $11.51 1/2.



July Minneapolis wheat closed up $0.03 1/4-cents at $12.80 1/2.



July Minneapolis wheat closed higher on Wednesday as it consolidated some of the decline off May's high. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $12.59 1/2 would signal that a short-term top has been posted. If July resumes the rally off January's low, the 50% retracement level of the 2008-2009 decline on the monthly continuation chart crossing at $14.52 is the next upside target. First resistance is May's high crossing at $14.12 3/4. Second resistance is the 50% retracement level of the 2008-2009 decline on the monthly continuation chart crossing at $14.52. First support is the 20-day moving average crossing at $12.59 1/2. Second support is the 50-day moving average crossing at $11.72 3/4. 

       

SOYBEAN COMPLEX? http://quotes.ino.com/ex?changes/?c=grains "



July soybeans closed down $0.12 at $16.81.



July soybeans closed lower on Wednesday. The mid-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $16.52 1/2 would signal that a short-term low has been posted. If July extends this month's rally February's high crossing at $17.41 is the next upside target. First resistance is Monday's high crossing at $17.20. Second resistance is February's high crossing at $17.41. First support is May's low crossing at $15.78. Second support is April's low crossing at $15.60 1/2.



July soybean meal closed down $2.90 at $424.20. 



July soybean meal closed lower on Wednesday. The mid-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off May's low, the 50-day moving average crossing at $443.00 is the next upside target. Closes below the 10-day moving average crossing at $417.30 would signal that a short-term top has been posted. First resistance is the 50-day moving average crossing at $443.00. Second resistance is the April 21st high crossing at $467.80. First support is May's low crossing at $395.00. Second support is the 62% retracement level of the 2021-2022 rally crossing at $384.10.



July soybean oil closed down 120 pts. at 78.92. 



July soybean oil closed lower on Wednesday as it extends the decline off April's high. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the decline off April's high, the 50-day moving average crossing at 77.06 is the next downside target. If July resumes this year's rally into uncharted territory, upside targets will be hard to project. First resistance is April's high crossing at 87.65. Second resistance is unknown. First support is the 50-day moving average crossing at 77.06. Second support is April's low crossing at 67.52. 

 

LIVESTOCKhttp://quotes.ino.com/exchanges/?c=livestock 



July hogs closed down $1.10 at $107.95. 



July hogs closed lower on Wednesday as it consolidated some of the rally off May's low. The low-range close sets the stage for a steady to lower opening when Thursday's session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the aforementioned rally, the 50-day moving average crossing at $114.11 is the next upside target. Closes below the 10-day moving average crossing at $106.39 would signal that a short-term top has been posted. First resistance is the 50-day moving average crossing at $114.11. Second resistance is the April 22nd high crossing at $121.08. First support is the 10-day moving average crossing at $106.39. Second support is May's low crossing at $97.37. 



August cattle closed down $0.23 at $132.53 



August cattle closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at $134.21 would signal that a short-term low has been posted. If August extends the decline off April's high, the 62% retracement level of the 2021-2022 rally crossing at $128.54 is the next downside target. First resistance is the 20-day moving average crossing at $134.21. Second resistance is the 50-day moving average crossing at $136.23. First support is the 50% retracement level of the 2021-2022 rally crossing at $130.28. Second support is the 62% retracement level of the 2021-2022 rally crossing at $128.54.   



August Feeder cattle closed down $0.20 at $167.87. 



August Feeder cattle closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening when Thursday's session begins trading. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at $169.79 would signal that a short-term low has been posted. If August extends the decline off March's high, weekly support crossing at $152.22 is the next downside target. First resistance is the 20-day moving average crossing at $169.79. Second resistance is the 50-day moving average crossing at $173.47. First support is Monday's low crossing at $162.80. Second support is weekly support crossing at $152.22.   



FOOD & FIBERhttp://quotes.ino.com/ex changes/?c=food 



July coffee closed higher on Wednesday. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible. Closes below the reaction low crossing at 20.97 would signal that a short-term top has been posted. If July renews this month's rally, April's high crossing at 23.77 is the next upside target.                   



July cocoa closed lower on Wednesday as it extends the decline off February's high. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends the decline off April's high, the December-2021 low crossing at 23.66 is the next downside target. Closes above the 20-day moving average crossing at 24.94 would signal that a short-term low has been posted and could lead to additional gains near-term.            



July sugar closed slightly lower on Wednesday. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 19.22 would signal that a short-term top has been posted. If July resumes the rally off May's low, April's high crossing at 20.46 is the next upside target.                    



July cotton closed sharply higher on Wednesday. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends this month's decline, the 50-day moving average crossing at 138.21 is the next downside target. Closes above the 20-day moving average crossing at 146.23 would signal that a short-term low has been posted. 

Comments
By metmike - May 25, 2022, 5:27 p.m.
Like Reply

Thanks tallpine!

Huge losses earlier this week from big rains in the S.Plains.

Wheat and corn reversed from big losses. MWE actually closed higher from planting delays.

Corn near unch.