This Ain't 2012 — Weather, Government Targets Push Markets This Week

by

Opinion

Grains saw a choppy end to the trading month of May as government reports seemed to sway the market the most. Corn and wheat prices on the futures board saw their values fall as USDA crop progress reports reminded everyone that a lot of corn is already in the ground and that wheat crops in the south are somehow weathering the large amounts of rain they’ve been getting hit with. Oilseeds saw a bounce this week, mostly on Friday, thanks to the U.S. Environmental Protection Agency putting out a bullish biodiesel blending target of 1.7 billion gallons, a significant jump…

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