Matt Pierce will be returning from vacation this Monday. Follow all of his comments, and sign up for his analysis at www.Pitguru.com or www.GrainAnalyst.com

Key USDA reports this week:

Historical Track Records –

Grain Stocks: http://usda.mannlib.cornell.edu/usda/current/htrgs/htrgs-04-26-2011.pdf

Crop Production: http://usda.mannlib.cornell.edu/usda/current/htrcp/htrcp-04-26-2011.pdf

The technical level of 1345.00 on the S&P can be reached if more money is pumped back into the market. It seems as though money that has been on the sidelines may be coming back. If this is true the market might push through this technical level. Nothing is ever 100% and with all of the wild cards overseas such as Northern Africa, most of the Middle East, Japan, etc the market can swing in either direction. Political concerns in these countries are what I am mainly concerned about. The people in the Middle East play follow the leader and unrest could spread further.