Corn:
Corn broke below a major multi-year support zone.
Trade is increasingly expecting June 30 acreage to remain near 95.5 million acres.
A technical breakdown projects downside toward 423-424 if support fails.
Soybeans:
Soybeans continue to hold key support near the 200-day moving average.
China tariff reductions or additional purchases remain the primary b…
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A Tale of Two Cities
We see wheat pressured by harvest and seasonals despite worsening European weather, while soybeans hold support, corn struggles, and cattle remain firm near resistance.
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