Good Morning, Markets are higher following an extended weekend that gave us the weather they were forecasting, wet! The forecast has heavy rains moving through the Midwest from Tuesday through Thursday this week. Another similar system builds on Sunday that builds...
Markets closed higher today on continued wet forecasts thru the weekend. This has led to a mass exit of the funds short position that they have been carrying for the last several months. Funds have reduced their short position in corn by over 250,000 contracts in the...
Good Morning, Markets started off higher this morning but has taken a step back as traders analyze the US weather forecasts for the extended weekend and the USDA’s announcement. The USDA announced a support program for farmers impacted by “Unjustified Retaliation and...
Good Morning, Markets are higher as prices surge with traders looking to add additional weather premium and shorts run for the exits. Cool wet weather has the attention of traders as the extended outlook appears that it will hamper efforts to get crops in the ground....
Good Morning, The markets opened sharply higher again this morning as the short positions have gotten nervous and are beginning to run for the exits. The funds are still excessively short the markets and the need for additional weather premium has helped spark the...
Good Morning, Lower to start the week following Friday’s bearish USDA report and trade negotiations that have turned negative. Corn is down 8 and soybeans are down 16 to open the week. U.S. and global inventories were large in Fridays report for corn and soybeans....
