date:Mar 19, 2019
s were bearish, no doubt about it, but the reaction was very measured. There is no reason to buy anything based on the USDA estimates, as demand was cut in a lot of places. But the speculative traders are already so short that the market could not react much. Might be a sign we are running out of sellers and need to pop things a bit in the next couple of weeks, Scoville says.
Jason Roose, U.S. Commodities, agreed that the Crop Production report provided no bullish surprises.
The surprise was t