The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Kevin Van Trump has over 20 years of experience in the grain and livestock industry.
Wild weather patterns, USDA uncertainty and July deliveries should make this an extremely volatile week in the grain and soy markets. Producers should be looking to make final catch-up sales before what could be "game changing" data by the end of the week. Some type of floor in DEC13 corn between the $5.50 and $5.70 level still seems to make a lot of sense to me. A similar type of strategy in NOV13 soybeans, with a floor of some sort in place looks to be a smart play. There are just too many extreme dynamics in the marketplace right now to be taking "unprotected" risk. Below are just a handful of reasons why we need to proceed with caution and extreme respect for today's volatile markets.:
Don't miss out on my breakdown of the USDA's Quarterly Grain Stocks report this Friday, should be a big one...
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