We have had some mixed news out of the grain world but from a technical standpoint we are coming into support across the board. Weather in the Midwestern States has seen some moisture with more in the forecast. That has sent the complex lower, but we are set to open the day higher. Beans up 13.5, corn up 5, and wheat up 2.75. We shall see if this support hold throughout the day.
While the economy has started to pick up since the beginning of the year, we are starting to see some negative growth numbers and indicators. Today's housing number was another example. I still remain bearish on the economy as a whole.
Scott
