A market analyst expects the next round of USDA reports to
weigh heavily on corn and soybean futures.
Jamey Kohake with Paragon Investments says Friday’s Prospective Planting forecast and quarterly stocks figures will probably be bearish.
“I don’t see a big game-changer of funds wanting to blow out of a massive amount of positions, just enough to really show some good returns that they’ve made on their short positions for this quarter.”
Paragon estimates 2019 corn acreage at 91.3 million and soybeans
at just over 86 million.
Continue reading Analyst expects next round of USDA reports to be bearish at Brownfield Ag News.
