News & Publications
July 30, 2024 |
Don't Be a Price Taker!
Market bears seem to be around every corner right now. Weather is non-threatening, as the drought monitor map shows very little moisture stress through the heart of the Midwest. Weekly crop ratings are 13% higher at the good-to-excellent rating than last year in corn. Soybeans rating good-to-excellent are up 15%.
The funds recently set record short positions in corn (-353,983 contracts) and soybeans (-185,750 contracts). And as we close out July, many of the local elevators in Iowa, Illinois and Indiana have limited space for corn.
