Spec trade: Lower stop on May corn to 634.4 and June hog stop to 100.65.
May corn futures should find support above the December low ahead of the start of negotiations for the Safe Grain Corridor late this week, as Russia will probably have an ax to grind on the new sanctions started last Thursday. Hogs have bottomed, but volatility is high, with June hogs having the ability to recover higher towards 107.50.