RISKS, FACTORS, & WHAT TO WATCH

AUDIO COMMENTARY

  • Bean spreads firm, usually happens when markets go up

  • Wheat closes -16 off highs, not great action

  • Moisture in Brazil & funds still long beans

  • China bought wheat again with the funds short

  • Reasons funds could continue to cover wheat

  • Don’t be surprised to see correction in wheat

  • Utilizing spreads & hedges

  • Second corn crop in Brazil is getting smaller

  • Risks and upside factors in corn

  • Beans have ton of upside, need the funds to help

  • Managing your risk & what to look for in basis

  • Could we go back to 2015-2018 levels?

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RALLY AHEAD OF USDA REPORT

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WHEAT CONTINUES RALLY & BEANS BOUNCE BACK