Wake Up Call Allendale Advisory Center: Grain markets are quietly mixed as traders prepare for the next bevy of information. US Dollar is weaker while stocks indices are higher.
The balance of this week could produce some very volatile markets for grains. Starting today Stats Canada releases acreage data and tomorrow USDA releases Quarterly stocks, Planted acreage and Weekly Export Sales. Thursday is first notice day for deliveries against the July futures contract and is the last trading day of the month. Friday will be the last chance to adjust positions and prepare for the post-holiday weather forecasts.
Talk to your broker and revisit any resting order you may have placed, “You don’t want any surprise fills”. Check with your Allendale Broker for pre-report strategies.