GRAINS BACK NEAR HIGHS

AUDIO COMMENTARY

  • Cattle pretty sideways

  • Trump continues to say the war is ending but has yet to happen

  • Slightly disappointing action

  • Taking some risk off the table at resistance is never the worst idea in the world

  • Need some proof of purchases

  • Funds caught in a whipsaw

  • Why you typically don’t want to hold corn past the 4th of July

  • Biggest corn areas all look good

  • Could see problems in fringe areas

  • Bulls have to be fed more than bears

  • Volatility and unknowns are high

  • Can demand slow down overnight?

  • Grains need above recent highs

  • Action in KC wheat was weak despite conditions dropping yet again

  • Supply vs demand driven markets

  • You want to reward supply driven rallies as they don’t last as long as demand rallies

  • Wheat tends to see harvest pressure

  • If you haven’t made sales in wheat and have to make sales off the combine

  • Global impact from war & fertilizer

Listen to today’s audio below

5-19-2026

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CHINA DEAL GETS TEETH