FIS Technical – Grains And Ferts

Better weather has added pressure to grains and caused some technical damage. Recent rains are too late for some of the worst corn areas, they are benefiting bean areas. There remains debate over last USDA yield guesses, meaning short-term weather and private crop tours are still being monitored closely.

Fertiliser, NOLA remains in the middle of a still bullish range, AG sits right on important resistence level. The upcoming Indian tender will be critical to market direction.

soy 22-8-17

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