| They have avoided any threat at a run on their position all year. Farmer still has a large old crop holding, and planters have been getting some work done in between showers. We went into D1 drought in summer of 2020, it got worse, and we never came out of the drought monitor colors until recently. Wet spring usually doesn’t get much traction until late May. Let’s see if wheat can lead a charge with momentum, and with corn spreads adjusting on the front end maybe there’s hope of a short covering bounce. |