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| JC STONE - 5/11/2018 12:00
What say you?
I say the grains will drift along without any real conviction one way or the other until the acreage report. In the meantime, I think selloffs should be bought, and rallies should be sold. What's the range? I don't know.... Acreage Report will probably be a trend day that sets the tone for the back half of the year. When July expires, my guess is we'll be higher on corn cuz of tight S/D (anticipating lower acres), slightly higher on wheat (worst crop in 15yrs?), and I'm guessing soybeans will be unch ~ $10 +/- Lotsa beanies in Brazil, and prob some acres switched to beans in the US.
Of course, this could quickly turn into a shyte storm if Congress dismantles the RFS or if the Trade Wars rage on....
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Fry, JP, NoDak Cona etc
