With the market losing around 3% today, KC is once again on the defensive. Unlike the pattern of much of 2017-2018, the follow through to the downside at these levels merits attention. We have seen very solid support emerge when the spot month dips into the 95-92c levels. From here, that is another 10+ cents below current levels (10615s KCH).
As I noted in my re:COT remarks Sunday, the 10800 level for the H20 contract was key and a break could lead towards 1.05 initially. I think the test of 1.05 and perhaps "what lies below" will come tomorrow at some point.
Amazing to me as we get these down days that suddenly crop conditions are "satisfactory". That until the next 3% move higher and we know the chatter again turns to "crop issues".

Again , ahead of the 9580 contract low, we have some key levels to watch : Initially 10500,
10460 (50% of 9580-11330, which aligns with Naguals fork support), 10380, 10285-10250.

Good trading all.