The grain markets continues to trade a wide range with very volatile action. U.S. Commodities President Don Roose says rainfall will dictate the grain market action. “The weather will remain very important moving forward. A lot of the subsoil moisture was right on the edge at the end of July. Immediate rain is needed.” Roose says other areas of the world are also experiencing production issues, which should support prices. “Brazil had a crop problem. The Canadian Prairies has a crop problem. World supplies are shrinking. Can we get into a demand-led market after we sort out this weather in the U.S.? Market analysts are trying to figure out the real yield with the current weather and that’s a work in progress.”
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