USDA will release the Planted Acreage and Quarterly Grain Stocks reports on Wednesday. The Independence Day holiday will follow. AgriSompo North America market analyst Sterling Smith says traders are very cautious. “It all coincides with pollination,” he said. “Right now, we have unusually long fund-positions and it would not surprise me if we get uncooperative weather or see funds moving back in. Seeing this kind of volatility is normal.”
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