date:Sep 05, 2012
an early frost, says Don Roose, U.S. Commodities.
The condition side of the weekly reports is losing its importance. Harvest progress is bubbling to the top of the market's psychology, along with South America's planting weather, Roose says.
With U.S. harvest progress, the market gets to digest real corn yields, test weights, and harvested acreage numbers, Roose says.
Right now, the market is dealing with a structural problem, he says. For instance, with upfront contract months trading at huge p