Grain Futures Choppy Ahead of May Crop Reports

 
Grain Futures Choppy Ahead of May Crop Reports

Corn futures posted slight losses for the week as the market struggled to gain traction, while soybean futures posted modest gains for the week amid spreading. After posting fresh contract lows early in the week, wheat rebounded. Choppy price action can be attributed to traders evening positions ahead of next Tuesday's first official look by USDA at the 2015-16 balance sheets. Click here for pre-report expectations. We explain why USDA's first 2015 corn crop peg is likely to reflect an above-trendline yield, and much more in this week's Pro Farmer newsletter.

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