I am watching the USDA export sales report out on Friday to see if this hard down-move in the US grain futures market brings in more global buying. The chart action is short-term. Looking ahead, I will be watching the USDA Crop Production and supply/demand reports next Monday. I think they may be positive for prices, so end-users may want to get some coverage ahead of the reports next week.
Get our daily in-depth analysis delivered directly to your inbox by 5:30 AM CST each morning, along with other services created specifically for farmers, when you become a Kluis Commodity Advisors client. Try our Kluis Commodity Advisors 30-day free trial to test it out.