Weather to be Corn’s Major Forecaster

By International Business Times,  May 31, 2012, 02:26:24 PM EDT

Next week's warm and dry weather should boost prices and encourage traders to get re-positioned long just before the June 12 USDA monthly crop report.

For the last five months, prices have rallied just before these reports. There's a fear that each month the government will lower ending stocks. With all planting nearly complete, weather will be the primary factor for weekly prices.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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