Both corn and soybeans today were easy to trade. This chart shows corn in early trading. I was surprised that corn moved lowered and stayed there throughout the day. I suspect this may have been caused by improved drier planting conditions, which would increase the supply of corn yields this fall, and thus pushing prices lower. The sell-off may also be Dollar-related in anticipation of the Fed ending its interest rate easing cycle.Another very nice benefit to trading corn is that the margin is half that of soybeans and about 1/3 that of wheat, so I can take a larger position with little additional risk, but with even better liquidity and tighter spreads. What's not to love?
