Markets Reacts to Larger than Expected Fund Shorts
Fund short covering is the theme in early-week trading.
Fund short covering is the theme in early-week trading.
Negative phase of the Arctic oscillation forms this week lasting through next week bringing drier and cool climate to the Great Plains.
The Bureau of Meteorology/Australia now doubts El Nino in 2017 agreeing with the neutral Climate Impact forecast.
The MJO shifts east and a drier climate emerges later this week and next week in the Great Plains. More wet weather is likely mid-month although not excessive. Widespread dryness is forecast the last week to 10 days of May.
** AgResource Pre Opening Sunday CBOT Market Calls: Soybeans 3-5 cents higher, Â corn 2-4 cents higher with wheat called 2-5 cents higher. Â Â Â Â ** Sunday Weather & Market Comment Discussion: Pre-opening CBOT grain calls are higher on the flooding rainfall and cold temps that occurred across the Central US this weekend. There are winter…
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