How much higher for the gap higher open?
If beans take out 906 resistance, that will be the highest trade since August, when the highs were 919.
The July highs were just above 932.
Not predicting we get there, just noting those points. I have zero idea of what will happen after the sharply higher open....other than the fact that the market won't be trading weather.
It's going to be very day for all or Argentina and S.Brazil for more than the next week but then rain chances go way up.
Temperatures should be very cool with the dry weather, so it doesn't look like a problem.
Dry but cool the next week for Argentina/S.Brazil:
18z GFS operational model total rains for 10 days........almost nothing until you get way up into Central Brazil.
Forecast Hour: 240
Crop calendar for Argentina:
Crop Calendar for Brazil:
corn plus 8 and beans plus 30
Wow! 30,000 contracts traded in the SF in just the first 5 minutes!