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| Gut tells me that the USDA is going to hold onto 165 as long as possible. While it may come down a bit, look at the crop ratings, not moving. They have no need to get aggressive until things get closer to year end. This wheat thing is real, no need to get people excited in corn yet.
As for reality, still think we are no higher than 160 maybe lower, and the soy number might be there, but I see a lot of pods on the ground, several 2's and 3's instead of 3's and 4's, and fields are turning, might make the soybean number interesting later on. | |
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What if Friday is bullish?
