Grain & Cotton Express

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Corn (May)

Fundamentals: Corn futures managed to hold relatively well yesterday; all things considered. Grains are finding some spillover support from the outside markets finding their footing. Attention will temporarily shift to this morning’s USDA report, out at 11am CT. Expectations for US ending stocks come in at 1.888 billion bushels.

Technicals: The market managed to form a double bottom (for now) in yesterday’s session and has covered the gap from Sunday night, putting prices smack dab in the middle of the recent range. If the bulls can achie