CBOT Waiting on Central US Weather and US/China Trade Deal: Expanding Market Voluntarily Ahead?
** It has been a mixed/low volume session at the CBOT. Wheat prices have slipped which has pulled corn lower, while soy futures rise on the exodus of long corn vs short soybean spreads. The new crop soybean/corn ratio has come into 2.2:1 which is prompting speculative profit taking with 19/20 US soybean end stocks…