Fresh selling occurred overnight in the grains complex. Since the August USDA crop report will be released next Tuesday, weather will be the driver for grains over the next few days. For now, weather remains accommodative for good grain yields, and prices appear bearish for the moment. I had Corn Flakes for breakfast in honor of the lower prices!Friday, August 8, 2008
Grains Slammed Overnight
Fresh selling occurred overnight in the grains complex. Since the August USDA crop report will be released next Tuesday, weather will be the driver for grains over the next few days. For now, weather remains accommodative for good grain yields, and prices appear bearish for the moment. I had Corn Flakes for breakfast in honor of the lower prices!
