Ag Commentary

The markets are awaiting a change in the forecast. Tomorrow we will receive Nopa crush estimates. This time of year can be frustrating due to the uncertainty. As said all along the markets are in a bearish macro move. The question now is if the trend will resume or a weather market will play out and cause a yield reduction. This could give us a rally. The timing is still early for beans. The acreage will be released this month. Expect a increase due to loss in corn acres. Remain cautious and always quantify your risk. I am watching oil share for its next move

Be Well