3 Factors affecting summertime grain market volatility
The summer months often bring volatility to the grain markets. See which three things markets analyst Naomi Blohm says could create dramatic price action in June.
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The summer months often bring volatility to the grain markets. See which three things markets analyst Naomi Blohm says could create dramatic price action in June.
Corn acres, reported at just over 90 million, are well below trade estimates. This pushed futures 20 cents off session lows, but markets have failed to see significant follow-through.
Once the numbers from the July report were released, the grains only saw activity in one direction, down, according to Randy Martinson.
What comes next after USDA's surprise increase in corn acres and drop in soybean acres led to a 70-plus-cent pop in soybeans and 30-plus-cent drop in corn Friday?
USDA blindsided the trade in what will go down as one of the largest report estimates from expectations in history.