The grain markets remain caught in a volatile sideways trend. Progressive Ag Marketing market analyst Tom Lilja says the pace of Brazil’s harvest and corn planting is underpinning the corn and soybean markets. “Brazil’s second crop corn plantings are behind last year’s pace and the five-year average. There is some nervousness. You push the corn crop into the hotter part of the summer and there may be yield drag.” Production uncertainty has the markets trading sideways. “It’s all over the board, but the telltale sign is if the May contract punch through the $14.30 highs. They popped above it one day at the end of February, but couldn’t hold it.”
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