Grains are getting hammered as has been pretty well covered, but good weather or not, I would think that corn is getting into a value zone here, where if it gets much cheaper, it becomes irrational.
I have to think that some of this is because of the tariff threat.
This is mostly Tariffs issues the last 2 days.
In 4/5 weeks you take CZ from contract High to almost contract Lows.
My grain comment today is HOLY SHIT
Holly..................
Holly..................
12z GFS, just updated is the same as recent ones. Very warm and very wet.
2 week rains:
Forecast Hour: 372
Image URL: http://mag.ncep.noaa.gov/data/gfs/12/namer/precip_ptot/gfs_namer_372_precip_ptot.gif
Actual maps:
gfs_namer_372_200_wnd_ht | gfs_namer_372_500_vort_ht |
gfs_namer_372_1000_500_thick | gfs_namer_372_850_temp_ht |
Makes you wonder how Batman never punched Robin in the face.