Global headlines and uncertain crop conditions have brought fund traders to ag commodities. “With that, we’re at a very, very dangerous place where the funds are approaching record long,” said Tommy Grisafi, president, Ag Bull Trading. “And we enter harvest; it is by far one of the greatest counter-seasonal rallies I’ve ever experienced in my career.” Wild swings in the market happen when the technical side of the trade is leaning too far one way or another, which creates opportunity and risk. Grisafi will be part of the RRFN market outlook forums at the Big Iron Farm Show.
