All the morning commentaries I've read this morning have been expecting grains to open sharply higher across the board, but instead, they have opened flat to down this morning. Cold, wet weather and flooding across much of the grain belt is increasing the likelihood of a disappointing harvest. The commodity markets never cease to provide unexpected surprises! The charts show the 15 minute versions of corn (left), soybeans (center), and wheat (right).Monday, June 9, 2008
Surprise -- Grains Open Flat to Down
All the morning commentaries I've read this morning have been expecting grains to open sharply higher across the board, but instead, they have opened flat to down this morning. Cold, wet weather and flooding across much of the grain belt is increasing the likelihood of a disappointing harvest. The commodity markets never cease to provide unexpected surprises! The charts show the 15 minute versions of corn (left), soybeans (center), and wheat (right).
