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Today's Breakfast Brief looks at crop progress in both the US and South America, in addition to changing trade winds in the world of wheat, especially American winter wheat.
Today we look at the short position at the Chicago Board of Trade and if it's a contrarian indicator or not. We also explore some of the catalysts for stronger corn prices and soybean prices. Finally, we compare some yield
With the US Dollar at a 3-month high, there is a bit more noise in the grain markets as grain prices pull back and traders are looking for new direction.
Grain prices are continue to the progress of South American planting and North American harvest. Some hiccups that are impacting trade though include the Canadian Loonie, new grain price forecasts, and trade taxes.
Do you know what the bulls and bears are pushing for in your crops? “Every single day, I’m curious about everything. Curiosity is finding answers to things.” – Mickey Drexler (American businessman) Good Morning! At 7:35 AM CDT in the North American futures
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