Grain Markets Close Mixed Wednesday Ahead Of Thursday’s Net Export Sales Report

 May 15, 2019 - 11:35 PM EDT
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Grain Markets Close Mixed Wednesday Ahead Of Thursday's Net Export Sales Report

Investment Thesis

Weather and slow planting will support to the upside. Trade and strong supply are amongst variables that will support to the downside. Expect for rangebound trading to continue.

Agriculture prices pared early trading session gains via profit taking to finish Wednesday; A combination of weather, slow planting, trade, and strong crop supply also in focus

The front-month July U.S. corn futures finished Wednesday lower 0.10% to $3.6862. U.S. May soybean futures finished up 0.48% to $8.3500, while U.S. wheat was finished Tuesday up 0.08% to 4.4838. For the less-volatile, unleveraged Teucrium ETF grain

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Source: SeekingAlpha (May 15, 2019 - 11:35 PM EDT)

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