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Beans 83% harvested last week. We should be in the almost/done category.
Corn was 72%. We could be at 78-81% category.
Weather this week looks wide open and warm.
Grains took a hit from micro factors starting overseas. Also end of the month and end of the fall ins. #.
Funds also taking some risk off.
Corn for the week did throw a weekly reversal on the charts.
Weekly support is 378.50 364.75 and 351.50
Monthly Corn res: at 406.25 and support at 388.25 and 370.25
Watch moving averages also on the down side as support too.
3 factors now for grains are China demand. Weather, and US Dollar.
Seasonal Nov. is a month for the bears and Dec. for the bulls.
This is a nice technical break for Corn Wheat and Beans.
Again watch the moving avgs. as support numbers.
Looking for re ownership for some corn go out to the July contract.
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