Grain futures find end of the week selling pressure after early week strength.
Grain futures find end of the week selling pressure after early week strength.
Grain futures have seen a substantial increase in price over the past 4 days.
The grain buyers are doing some heavy short covering, as end users are also stepping in and buying as the crop is getting smaller.
Bullish French and Canadian wheat reports lift wheat prices.
Today we discussed how the USDA is notorious for being old wrong grain data.
The release of today's USDA crop report created some extreme volatile action.
Grain futures found renewed selling as the FSA inadvertently released their data two days ahead of the crop report.
In today's noon market talk we re-discuss what historically happens when golf exports are shut in for up to a month.
In today's noon market talk we discuss what the stats Canada data did to the markets.
We discussed how in the end emergency power will be restored sooner than later, and no exports were ultimately lost.
