Overnight gains were unable to hold as markets moved lower throughout the day with feeble attempts at rallies. The Brazilian soybean crop continues to show strong promise, pressuring prices with expectations of heavy export competition. Brazil’s second safrina corn crop is also off to a solid start.
If we didn’t know anything about grain markets other than Friday’s Commitment of Traders data, we might think things are going pretty well across rural America. After all, noncommercial traders […]