Morning Call

Overnight grains were solidly higher. Corn up 10 cents. Beans up 17 cents. Wheat up 11 cents. The dollar is lower. Crude up 1.37 and gold up 7 bucks an ounce.

Corn
On the hourly chart corn is right on resistance anywhere from 370 to 373. Next area to target is 377. That's really the last area or resistance until the contract highs of 470. The market is overbought due for a correction, but being in an uptrend dips lower should be bought.

Beans
Beans are solidly in an uptrend with no overhead resistance on the hourly. 976 offered some resistance on the dailys but was taken out last night. Let's see if the day trade can continue that push. After that 1017 would be next area to target. The market is not in an uptrend yet, but has taken out the first of two downtrend lines. Look to short on some weakness.

Wheat
Hourly shows an uptrend but is in conflict with daily charts. 482 offers resistance and then 518. Remain a seller.