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$WEAT HITS 2 MONTH HIGH ! | USDA Report | New Crop Corn Rallies | Oliver Sloup | RFD TV Interview | 5.12.22

Posted: May 12, 2022, 2:54 p.m.

Wheat is leading the Grains after the much anticipated USDA Report. After breaking through the top end of the range (1150'0), there is not much technical resistance until the contract highs of 1278'0.

Looking at the new Corn Crop, the USDA lowered the yield to 177. They typically do not talk about yield in this report, which was a surprise to traders.

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