WEATHER & WAR VOLATILITY CONTINUES

Written By Sebastian Frost

AUDIO COMMENTARY

  • Opened strong, now getting hit again, but off lows

  • Talk about Russia going back to grain deal

  • Funds continue to play games

  • This volatility might make options better choice than futures

  • Weather is still bearish, but built into markets

  • Harvest issues for spring wheat

  • Invert in Minneapolis wheat?

  • Basis garbage for spring wheat, but has upside

  • USDA report next week. Crop conditions indicate yield is a lot less than what the USDA has

  • Basis could have a lot of upside later on

  • Taking profits on short positions and owning calls

  • Looking for sunflowers. Demand is hit and miss

  • Outside days on the charts

Listen to today’s audio below

WEATHER

Sebastian Frost
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