Grain traders have begun pulling some of the weather premium out of the corn and soybean markets. Allendale Chief Analyst Rich Nelson says there has not been a big shift in market mentality, but traders are becoming more cautious. “At least we can say this weather forecast is now moving from bullish to off the table. We may not be at a bearish planting discussion, but clear skies in most of the Midwest means let’s remove some of the weather premium.” Nelson says each weather forecast will be closely watched. “Weather can always change.”
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