DROUGHT & DOLLAR ERASE YESTERDAY’S LOSSES

Written By Sebastian Frost

AUDIO COMMENTARY

  • US dollar lowest level in 14 months

  • Drought monitor update showed very little improvement in midwest

  • Midwest is only 4% behind 2012 in terms of drought

  • USDA predicting record corn yield. It’s not going to happen unless weather is perfect

  • Our conditions are far worse than last year. Hard to imagine we are 4 bushels better

  • Soybean fundamentals are still very bullish and situation is still tight

  • Recommend having feed needs covered

  • Where is the ceiling for corn & beans?

  • Calls, puts, and managing risk

  • Tons of opportunity in these volatile markets

Listen to today’s audio below

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Sebastian Frost
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