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profit taking is supporting the grains
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Andre54
Posted 6/27/2017 07:31 (#6092093)
Subject: profit taking is supporting the grains


central ontario
For the corn and beans any ways.This along with a little nervousness going into the big report on Friday.

There seems to be some of the bearish expectations already built into some of the grains with this pullback,the report could get some traction from the internal numbers if they are neutral or the slightest bit friendly.Someone may have too pay the piper though.
I would expect we go straight to trading the weather as long as we do not electrocute the patient on over production numbers in any one specific grain.
We may be a little shy on precipitation at present over a lot of acres,Dakotas different story,with crop ratings just skidding along trend line averages will keep the trade watching the forecasts and skittish to boot.
Good Luck everyone

Edited by Andre54 6/27/2017 11:54
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