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Jerry Groskreutz describes a volatile week in which corn rallied on Thursday and Friday before losing those gains, with rain in the Northwest Corn Belt falling short of forecasts. Traders focus on a 2.1 billion bushel US corn carryover and Brazil's second crop harvest.
November soybeans closed down 5.5 cents for the week, and traders are watching crop ratings for weather premium in beans during flowering and pod fill.
Large US carryover and Brazilian harvest supplies cap corn gains, while dry weather in the critical soybean pod-fill period could support meal prices if it persists.
kdhlradio.comJerry GroskreutzJul 31, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
