The USDA supply/demand reports this week were bullish, and traders see further tightening in world ending stocks if Brazilian or Argentine corn production is revised lower.
The surge in virus cases across the globe, especially in the U.S. is seen as negative for beef demand
Weather concerns and world demand have wheat futures in a steep uptrend and reaching the highest level since December 2014.
For the corn market, traditional technical indicators are extremely overdone.
There is very little rain in the forecast for the next two weeks, and harvest should accelerate, analyst says.
Analyst sees the wheat market reacting to some planting concerns and a surge in other grains.