Yesterdays first look at the quality  of Corn emerging  was a dissapointment.Traders  expected the Number to  come in near the  5  year average of 72%  it was  reported at 65 % good /Excellent.Too much rain  and cold weather in parts of Indiana and Illinois the areas of concern.Corn +36 ticks (+9 cents) as short covering has been trigegred.July corn possible breakout of sideways range at 380  currently trading 375’6.Dec. Corn breakout at 395’6  currently trading 394.Corn already at 1.5 ATR as activity and volume are brisk.if this lower quality of corn persists it could turn into a big deal  but for now  just some short covering as shorts maybe a touch nervous.


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