We are likely to get the most bullish USDA report of the year this week, Grabanski says.
More and more bullish news continues to come out of the grain complex as we pursue harvest.
In some cases, water tables have risen so much that there is standing water in low areas.
This analyst sees a bullish side to the markets developing this fall.
With historically high soil moisture ratings for fall, it's becoming an issue where many soils might be too wet to support harvest equipment.
Tariffs were added on $111 billion of Chinese products Sept. 1 at 15%, with more to follow.
Regarding crop conditions, considering our horrible start to the season with extremely late planting (for what did get planted), the growing season has been remarkably good since then.
Perhaps the most important fundamental still left to be answered on the supply side is the frost date.
USDA, yesterday, took the market by surprise with another huge shift in acreage from soybeans to corn.
The reality is that the agricultural sector has suffered the past year, as China not only tariffed soybean imports, but essentially banned them.