Grain markets continue to chop sideways as traders being to position for next week’s supply and demand report from USDA. Frontier Futures commodity broker J.R. Edmondson says the corn market is consolidating around the $5.50 area. “Every time that happens, we have to mention it. There are wide ranges due to open interests.” Edmondson expects a better idea of market direction as we get closer to this week’s report. “As we get towards the WASDE report, we may see better direction into the row crop markets. Right now, the wheat market is still one to watch.”
