Grain traders continue to position for the January crop report. Progressive Ag Marketing market analyst Brian Strommen says traders have bullish expectations. “On the USDA report day, there’s usually a curve ball somewhere to catch us by surprise. We’ll see what happens on Tuesday. There are lots of thoughts of smaller, tighter stocks and we’ll be watching the adjustments.” Strommen says the weather is also offering some support. “There’s the recent moisture in Russia along with dryness in Argentina and southern Brazil.” The USDA report will be released at 11 a.m. central time on Tuesday.
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