The risk-off action in the grain market continued following the release of Tuesday’s USDA supply and demand numbers. Brugler Marketing and Management President Alan Brugler thinks the grain traders were taking weather premium out of the market. “After we got the report out, the markets basically sold off,” said Brugler. “Essentially, we’re fighting gravity here.” Brugler says market fundamentals pushed the market lower. “The grain elevators are trying to unload the shorts and cash grain. We need a hot and dry or an export sale argument or else we’ll drift lower here.”
