Allison Thompson, with The Money Farm, writes how supply and demand projections, particularly for wheat, are supporting even greater weather-related market volatility this year.
Corn acres, reported at just over 90 million, are well below trade estimates. This pushed futures 20 cents off session lows, but markets have failed to see significant follow-through.
Allison Thompson of The Money Farm says the current dry weather in parts of the country from the El Niño pattern are not a concern for the markets now, but weather always becomes part of the story.
Are the lows printed? That’s the million dollar question literally. Allison Thompson of The Money Farm looks at what's happening in the grain markets and what may be coming.