Grains rally on fund short covering.  Soybeans and soybean meal took the lead adding weather premium with heavy rains and flooding in southern Brazil and parts of Argentina.  Corn followed soybeans and wheat higher, but may be trading some early concerns about planting delays with the wet forecast for the corn belt.  Wheat was adding weather premium due to the lack of rain on southwest HRW areas and parts of Russia.  So are we seeing a chart breakout that will keep funds covering short positions to keep the rally going?  John Payne, Advance Trading, has details plus covers the recent slide in cotton and the recovery in cattle after negative tests for H5N1 in ground beef.  

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