Since last week’s USDA reports, we have seen the grain markets put in a solid rally with March corn pushing to two month highs and March soybeans pushing to seven month highs. Bill Biedermann of AgMarket.net believes that the downside risk potential in old crop corn and soybeans is limited thanks to a tight stocks situation.
However, the new crop picture is a different story according to Biedermann.
He offers some general market recommendations for new crop risk management.
Again that’s Bill Biedermann of AgMarket.net.