Grain > Commentary > 1-21-2022

1/21/2022

Jan 21, 2022

1/21/2022
GPC Is now Offerring Free Price Later on Beans with a pricing deadline of 10/13/2022.  Well…it was a wild week yet again and we will have to see what the weekend has in store for us.  There is a lot of Unknowns at the moment and you never know what can happen over a weekend.  Russia and Ukraine, South American Weather, China purchases, river and rail logitstics and much more.  Corn made a new high for the move today as the $6.00 cash orders filled.  Beans traded a bit softer after a rather impressive week.  For the week March corn futures were up 20 and March beans were up 45.  Corn resistance is now at 6.33 March futures, which was the high from back in June.  Bean resistance is now at 14.50 March futures.  Those are the next areas to make sales if your not willing to sell at current prices.  Have a good weekend!  

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