The January USDA reports failed to provide the fireworks many traders were expecting. Utterback Marketing President Bob Utterback calls the reports a yawner. “Traders were preparing for an event once these reports came out, but there’s nothing in these reports wildly outside the norm on domestic or global positions that I’ve seen. It doesn’t seem like there will be a massive bullish or bearish rally in the grain trade.”
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.