The relative strength index remains near unchanged and prices are holding the low at the 50-day moving average. We continue to play the range between 67/70 until more information comes out on Friday. The 50 and 9 day moving averages continue to get closer as we move sideways and possibly try to test the downside looking for sell stops under 68 cents.
Grains will continue to have the biggest impact as we get closer to new crop planting and the fight for acreage and we will have to keep an eye on wheat after two limit up days.
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