While there is a bit more optimism in the markets as of late, Clayton Pope Commodities consultant Clayton Pope thinks there is still a lot of skepticism. “It seems like it’s always harder and harder to buy a rally each year based on market fears of crop conditions. That’s because these crops keep on miraculously coming through and surprising everybody positively in terms of yield.” Pope goes on to say good yields make it hard for speculators to sell in to it. “That makes pricing opportunities pretty fleeting.” Hear more from Pope in this RRFN interview.
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