Monday June 14, 2021

  • A shift in the forecast is a shift in the markets 
  • Markets off to an ugly start to the week with a dramatic turn lower in the overnights as the forecasts for the next 10 days turned cooler and slightly weather – and if we can go up on a dry forecast we can go down just as hard on a damp one
  • We will see how badly the crop conditions were affected by last weeks hot dry stretch in the weekly USDA report tonight 
  • We will continue to trade back and forth on the weather forecast until the June 30th report can give us a clear indication of planted acres and just how concerned we need to be