Will farmers opt to place rain-soaked fields into the prevented-plant insurance program or plant their crop anyway?
Last week we talked about the bullish argument for corn. Knowing the market can go either way, this week we're looking at the opposite side: the bearish argument.
The question is whether or not we’ll see prices rally.
Sell early and sell often is an approach that could pay dividends. By doing this, you are essentially seeking opportunities 12 to 18 months prior to harvest.
It is a challenge to understand why there is such a bearish outlook in the grains market with uncertainty ahead in growing the North American corn, soybean, and wheat crops.
The USDA report on Tuesday confirmed soybean carryout is a bulging 895 million bushels.
A key advantage for end users is that they can now buy corn that could be at or near the lowest price of the year.
Prices will most likely move according to weather conditions.
The key to taking advantage of short-covering rally is to have target points in place. When the market rallies, orders are triggered without question.
Market enough grain that is significant in the face of falling prices, and use tools that allow you to benefit if prices rally again.