Supply and demand fundamentals are coming into focus, with the added potential for a weather-driven rally as the GFS model shifts weekend rain expectations. Grain and oilseed futures are trading mixed in what’s been a relatively quiet session. U.S. corn planting progress, at just 4% as of April 13, marks the slowest start in three years, with cool temperatures continuing to limit fieldwork. There’s a positive tone emerging in the cash market, while managed money in the livestock sector keeps a close eye on Wall Street movements.
Mike Zuzolo with Global Commodity Analytics wraps up todays trade…
