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A May 29 market commentary describes grain and oilseed markets as bearish after benign North American weather, with the IGC raising 2016/17 world grain forecasts and lowering 2017/18 production only slightly. Speculative funds sold oilseeds and reduced grain shorts, and soybean prices were sliding.
Ample supply expectations and fund selling point to continued downward pressure on oilseeds and grains, with sales opportunities on bullish blips.
mercantileventure.comMarlene BoerschMay 29, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
