Dan Basse with Ag Resource, says grain markets set back on profit taking after running into chart resistance and news Argentina is lowering its export taxes on grains.
Craig Turner with StoneX says corn and soybeans rebounded Thursday and made fresh for the move highs on fund buying but South American weather and crop concerns are also supportive.
Grain markets looked weaker in the early morning session, but buyers stepped in and pushed corn and soybeans to new highs for the move. More upside to come, or time for a healthy correction?