Pete
May 6, 20211 min
It looks to me like the grains are a weather market right now which is very risky. I just can't believe how inflated all these commodities are. We have a relatively hot economy, high Producer and consumer price, and low rates. All should spell a rise in inflation that may prompt the Fed to change their language to one of caution regarding rates. I want to sell beans but I would have gotten hurt. Still want to be short but I think weather and the loosening of trade relations with China is going to keep prices up there. Same would true for Hogs. I would sell beans at or above 17.00 but watch it.