What’s Happening in Grain Markets:
Soybeans higher on heavy rains that are stalling planting. We traded above the $9 per bushel level which was a resistance level and now will be a support level. Soybean futures are currently trading at $9.10 per bushel.
Corn was steady to firm trading up 1.5 cents to $454.5 per bushel. Estimates that 10% of corn crop will not be planted this year.
Wheat was quiet closing at $5.39 per bushel in July futures contract .
The grain markets ar being influences by unseasonable weather that we have not seen in decades.
Commodity Prices by TradingView
Soybean Futures Technical Levels:
Technical Analysis & Charts & Calendar by TradingView
Soybean Futures Chart:
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