The CME has indicated in its after-market commentary that much of the heavy grains selling today was due to funds beginning to roll contracts to later contract months. Profit-taking has also been cited as a reason for today's lower prices.
The USDA will also start issuing weekly crop progress reports this afternoon. This is likely to add to volatility in coming weeks, so trader must take this into account on Monday afternoons.
Also due out on Wednesday morning is a USDA stock report, which is closely watched by many traders, especially funds.
The USDA will also start issuing weekly crop progress reports this afternoon. This is likely to add to volatility in coming weeks, so trader must take this into account on Monday afternoons.
Also due out on Wednesday morning is a USDA stock report, which is closely watched by many traders, especially funds.
