AGRIBUSINESS: Good Weather Pressuring Grain

The last Crop Progress report showed good crop conditions, putting pressure on corn and beans.

Jamey Kohake with Paragon Investments says the trade has gone sideways, "There's still a lot of weakness in the market, just based off the crop being 75 percent good-to-excellent, and we're seeing long liquidation by funds just based off of that."

He adds there's not a lot of big news so the weather is offsetting the trade.

Filed in: Agribusiness


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