National Ag News
Marketing advisor: Time is running out for a big rally
An ag marketing advisor says another rally in corn and soybeans this summer is possible. But Paul Mussman, president of AgWest Commodities, says time is running out for a significant up move.
“The major reports are done—the plantings, the intentions—all that’s past us,” Mussman says. “We’re into weather now. As we finish out this crop, weather is going to be number one—and the number two is going to be the funds. Are they going to open up their checkbook and continue to try to build a long position in here to help hype and bring some volatility into higher prices with these markets?”
Mussman says the large carryovers in corn and soybeans will continue to weigh on prices well into 2018.
Continue reading Marketing advisor: Time is running out for a big rally at Brownfield Ag News.
