MARKET PRICING IN NEGATIVE REPORT. WHAT TO EXPECT FROM USDA

Written By Sebastian Frost

AUDIO COMMENTARY

  • Soy oil leads bean market lower

  • Bean chart looks like healthy correction

  • The market is pricing in a negative report

  • These record yields are old news

  • I look for funds to want to cover

  • The technicals say buy buy buy

  • Funds been underwater for months

  • 70% for hot and dry in July-Aug-Sep

  • You don’t raise good crops when you have to mud it in

  • The USDAs 181 is a joke at the end of the day

  • Price action today was healthy correction

  • Incentive for higher corn acres isn’t there

  • Mother Nature scares in wheat

  • What to expect from this USDA report

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Sebastian Frost
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