Mastering the Grain Markets author Elaine Kub thinks Monday’s crop progress report got the attention of traders. “It’s not a mystery to know the crop isn’t being harvested quickly this year. I think it was eye-opening to make the calculations of the millions of bushels of corn that’s still not harvested in North Dakota,” says Kub. “This is starting to become a large number of bushels. There’s a quarterly grain stocks report coming up. That was really our next big chance to get some reality injected into the fundamentals of the numbers we’re trading.” Kub says its going to be a long time before we get a handle on the size of this crop. “If the grain isn’t even harvested by the time they audit bushels, we’re still not going to know.” Kub will be the keynote speaker during the Northern Canola Growers Association’s 22nd annual Canola Expo this week.
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