I can’t say with certainty that a summer rally won’t happen, but I think it is probably time to part ways with most of the old crop grain you have been holding and if that rally does occur...
We had mixed closes last week as corn was 17 cents lower while beans gained 9 cents. Weather continues to be the hot topic along with planting progress.
We survived a USDA report last Friday that was for the most part neutral. And yet the trade viewed it in a positive light.
We closed higher last week as it appears we had some short covering happening late in the week. July corn ended the week 10 cents higher while beans advanced 38 cents. Wheat had some nice moves late i...