Ag Commentary

There are times it would appear when it is best to be out of the market. The volatility at present is making it very difficult. The weather for the next three weeks will drive the price direction. The western belt remains dry. With very spotty rain if any. This will fuel rallies if the forecast doesn’t change. The question will become at what point or price level appears to high relative to the global numbers. The global carryover remains very ample. This is important and is overlooked at present. The availability of south American supply remains ample and will continue. Lets be patient and look for spots to look to be short.

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Be Well