The price of soybeans has dropped precipitously this morning, along with corn and wheat. Corn is beginning to stage a rally. The planting delays for corn are beginning to become critical. After May 15, every day that the corn is delayed will cause greater and greater yield reductions, thus increasing the acreage dedicated to soybean production instead.In Europe, there are ETFs dedicated to each specific commodity, so that we could short soybeans and take along position in corn. In the United States, I know of no way to do this. Our ETF companies are late to the ball game in this respect.
