Grain Express

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Corn (May)

Fundamentals: Cooler temperatures are getting the nod for a leading catalyst in the firm price action, with many analysts suggesting planting delays. It’s the middle of April….. we are not going to be putting too much weight into that thesis. Though it may be offering support, we do not think it is a reason to rally 25 cents from yesterday’s low. As mentioned in recement commentary, interviews, Tech Talks, etc.; this is momentum and fund flow with a sturdy fundamental backdrop that remains intact.

Technicals: Corn futures stabilized yesterday, narr