Just wondering if anyone can shed some light into why the prices of grains suddenly increased? I am looking at the contracts and Dec Corn futures currently trading at $6.90 while for the last one month it maintained a range between $6.20-$6.30. Soybeans and wheat are also the same case. There is discussion of some corn acres going into beans because of late planting. If so why beans are increasing? I am waiting for a pullback but it is not happening. Just curious. Thanks for your replies.
Any Fundamental Reasons for Grains Rally?
- Thread starter mnkc
- Start date
argentinian farmer strike and us rains for beans, corn is rain as well. Wheat was oversold and commercials are beginning to hoard. let it ride!
