Last week started with a friendly USDA report for both corn and beans, plus an announcement that the US and China was putting a hold on the proposed high tariffs for 6 months. Those 2 items should hav...
Last week was tough on the grain markets once again. July corn was 19 cents lower while the December contract was 9 cents lower. July beans closed 6 cents lower while the November contract was even.
The funds have a moderate long position, and we have a 30 cent July to September inverse to deal with. That can cause hedgers to lose some hair as they navigate that spread. All you can do if you own ...
