Grain traders taking money off the table in a general risk-off trading day. Van Ahn and Company market analyst Kristi Van Ahn says the cooler temperatures and rain in the forecast were the catalysts. “There’s a lot of ifs and what could happen. The grain markets saw rain in the forecast and the market is taking a risk-off stance. It will be a wild get-go from here on out, especially the closer we get to the June 30 USDA report.” Van Ahn says soybean fundamentals have not changed. Supplies remain very tight. “For soybeans, you have to look at it and say those are tight carry outs with limited opportunities for error. It’s there, but we’re seeing liquidation off weather forecasts.”
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