24 May 2017

  • Wednesday has been dull with trade either side of unchanged and grain closing a shade higher with soybeans closing marginally lower. Clearly many are waiting for the verdict on whee weather will take us in June before making key decisions.
  • Choppy and indecisive looks to be the trend in the short term, with clarity awaited as far as crop making weather conditions are concerned Current forecasts offer cool and wet conditions across E Midwest US areas and variable but drier conditions across Plains and W Midwest regions. Prices remain historically low, at their lowest June numbers in six years, and this is leaving downside struggling as sellers are reluctant to say the least.