Markets: Recent Developments Point To Lively Winter Markets

摘要

The markets in July and August were dominated by the severe drought in Russia that turned markets from very bearish to bullish. Markets from now forward will be dominated by the late-summer U.S. weather that reduced the com yield. USDA threw the worlda shockingly bullish report on October 8 that fundamentally changed the outlook for com and oilseeds. The most bullish number was the U.S. com yield: reduced nearly sevenbushels an acre from the September report to October. It was the largest change in yield from one month to the next in history.