Wake Up Call

Corn Market:

• Corn prices saw a slight dip, but strong exports and ethanol numbers are providing support.
• Keep an eye on the resistance level at $4.50, which marks a significant six-month downtrend line.
• Prospective plantings report on Thursday, March 28th, could impact market dynamics.

Soybean Market:

• Moderate exports with no cancellations, but farmer engagement at higher price levels may lead to a market pullback.
• Expectations of increased bean acres could influence market movements.

Wheat Market:

• Anticipated reduction in wheat acres could provide support.
• Weather conditions in hard red winter wheat areas are favorable, potentially impacting crop yields.

Cattle Market:

• Boxed beef prices showed a slight increase, easing concerns in the market.
• Cash trades were higher, supporting the market despite bearish cattle weights.
• Cattle on feed report expected to show higher placements, but bullish sentiment remains.

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