GRAINS CONTINUE BLEED AHEAD OF MAJOR USDA
AUDIO COMMENTARY
Feeders & live diverging a bit
Close enough to highs to warrant practicing good risk management here in cattle
Strong seasonals for cattle
Fractionally posted new lows in corn
Charts been doing nothing
This report can move the market massively
Has the USDAs methodology changed?
We’ve built great demand
We can’t afford hiccup in crop
Wettest June on record
Will China buy because they need to or because we are making them buy?
Tiny purchases of soybeans
Funds need a story to get behind
What could change things long term?
Europe dryness too late?
Need Trump to start talking again
Historically Iran buying hasn’t been relevant
Get a floor if you want to sleep better
Listen to today’s audio below
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