Just Concerned

A little warmer and wetter than normal in the most recent 6 to 10 day forecast for the Heartland. Could corn, oats, durum and spring wheat and lastly, beans be like hogs and look at potentially bullish information for a few weeks before ratcheting higher? Is the belief that there's enough time for the planting situation to improve keeping a lid on things? It just might need to play out. Welcome to the 2019/2020 crop year and the fun has just begun.

End of the month next week and important reports on Friday. Funds are short and farmers are long and we're a couple of weeks away from weather concerns turning into actual problems. We'll need a solid rally to spark any interest from the country hedging new crop production. Spreads still suggest ample corn and bean stocks while wheat....not so much..........

The information contained on this site is the opinion of the writer and obtained from sources cited within the commentary. The impact on market prices due to seasonal or market cycles and current news events may already be reflected in current market prices.

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Steve Bruce

Walsh Trading
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