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5/11/26
Corn up 4, Beans up 5, Wheat up 15
Crude Oil-98.09 up 2.67
US Dollar-97.95 up .05
Dow Jones-49,632.37 up 23.21
Demand optimism gave grains a little positive momentum to start the week. Tomorrow is the monthly WASDE which will give an initial outlook and set the tone for the new crop year. Historically, the USDA shows us big yield estimates this month. Wednesday, the House is slated to vote on giving the green light for year-round sales of E-15. Thursday and Friday Trump is set to meet with Xi and will hopefully receive confirmation that Beijing will follow through on commitments to buy US soybeans. There are a lot of moving parts this week and managed moneys are long.
Brynna
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