The soy complex has shown weakness over the last few sessions. The south american weather has been normal to good. The Brazilian crop continues to increase in size, while Argentina has stabilized in a respectable zone. Given the price relationship of beans over corn,it is estimated that domestic acres can climb significantly. The market is also mindful of a potential …
The Grain Report – 2/20/2017
March corn rallied to new highs last week, but ultimately settled the week 6 cents lower. There wasn’t any fundamental news event that triggered the late week fall, but rather the decline was a function of reduced speculative buying. Improving South American weather and a U.S. corn stocks/use ratio of 15-16% hardly argues for a net long fund position in …
The Grain Report
Trend and Index following funds bid up beans, corn, and wheat prices throughout the week with both wheat and corn reaching their best levels since last summer. Beans finished the week 33 cents higher, corn gained 9 cents while wheat finished the week up 19 cents. Beans opened the week higher rallying off of weather concerns of too much rain …