Ag commentary

John WalshGrains

The markets are awaiting Fridays usda acreage report. We most likely will remain quiet till that time. The funds remain long. This is a question mark. When,if they will need to liquidate. The planting intentions should be considerably higher than a year ago. Weather then will become the key component. The south American crops continue to grow in size. The weather has been very cooperative in the last few weeks. The available supply for export is unprecedented. The US will struggle to maintain market share going forward. The fundamentals are now in tact. the questions regarding Friday will come in time. Patience until Friday

Be well