Ag Commentary

The markets move day to day based on the latest weather report. The risk has gone up considerably due to the uncertainty. The weather for beans will become very important last half july and into august. There still exists the opportunity for the government numbers to be the reality. The risk now is if the weather turns hot and dry,and 2 bushel reduction takes us to a barely ample supply number. A 4 bushel loss would become  potentially explosive. The global balance sheet remains ample. The demand base while solid, should begin to stagnate. The Chinese have more than ample supplies. Next years exports may be overstated. Patience and caution are advised.

Be Well