Ray Grabanski

If a major crop problem develops this summer yet (like a drought), we could rally back up to new highs or the old highs, analyst says.

Overall, things look good so far for the U.S. to produce an above-average crop yield in 2021, analyst says.

Rumors have funds owning about 1.96 billion bushels of corn and 905 mb of soybeans in a speculative long position, analyst says.

Brazil’s late planted corn continues to disappoint as some nears pollination and some harvest.

The market is trying to attract sufficient acres in its view to guarantee an increase in production.  

We have sold a lot of product in the past six months, and like our position of 50% priced corn and 20% priced soybeans going into the new 2021 year, analyst says.