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Getting Lucky?

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The most recent 6 to 10 day forecast calls for generally warmer and wetter for the Heartland. Hopefully, we get an extended growing season and allow for corn and beans to mature. Get the bushels first and then get the demand!

Field reports are still promising for corn in the South and Mid South and hopefully Dorian stays East and bypasses the Eastern Seaboard. Next week's crop report has to be respected yet, it's believability might not be high given the uncertain compilation methods of the USDA.

Wheat, specifically Kansas City is historically undervalued to corn and soft red wheat. There are opportunities!

The Fed appears to be on a quantitative easing binge again yet, no where near to what it was like during the helicopter money years and much higher commodity prices. The World's race to zero and devaluation of currency could be supportive to flat price. We still sense that spreads, in all grains, might stay soft.

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About the author

Steve Bruce comes from the cash grain side of the market working for General Mills at the ChicagoBoard of Trade in the summers in the 1970's calling the country to buy wheat at cheap basis levels and with Illinois Grain learning the barge trade. He then spent the 80's , 90's and 00's servicing commercial clients with Geldermann and Man Financial from the trading floor of the Chicago Board of Trade shared market perception via print and electronic media. Steve takes a fundamental approach to market analysis. He completed his undergrad at Marquette and MBA at De Paul. Steve believes in the free market, Chicago School of monetary policy, and less government involvement and intervention in the grain markets. He is risk adverse but emphasizes spread trades for optimal hedging profitability. Steve can be contacted at 312 985 0156 or 888 391 7894 or email him at
Contributing author since 06/14/2018 

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