Despite weeks of downpour, farmers across the U.S. are pushing forward and getting crops in the ground. Corn is 84% planted, just one point behind the five-year average, and soybeans are 53% planted or one point above the five-year average.
Is it just a cosmetic injury or a signal of real damage?
Growers may reap 14.65 million tons this year, survey shows.
Grain and oilseed speculators have not received bullish news with staying power in at least three months now resulting in a huge buildup of short positions, and fund managers remained unimpressed last week even as a new set of supply and demand numbers hit the market.
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