INTL FCStone risk-management advisor Matt Campbell on Monday’s AgriTalk After the Bell told host Chip Flory that now is the time to “wait.”
He explained the market continues to deal with what is viewed as non-threatening weather forecasts, good crop conditions and uncertainty over trade with China, Canada, Mexico and other countries.
“It’s been a lot for the market to absorb,” said Campbell.
And ahead of this week’s Acreage Report and Quarterly Grain Stocks Report, Campbell says now is the time to wait.
“Anybody that’s considering getting on the long side of the market is probably going to wait until they get the acreage estimates and stocks numbers. After we get those reports,” said Campbell, “that may be all the markets need to clear the way for some buying to come back in.”
Get the full AgriTalk After The Bell conversation by clicking the player below.