Three stories driving markets
There are three main stories guiding the market: weather, technicals and global trade developments.
The most talked about of these is weather. Widespread rains continue to impact the Corn Belt, pushing planting further behind average. As of Sunday, May 12, corn planting in the US only totaled 30% of intended acreage, compared to the five-year average of 66% for that date. The corn crop was also just 10% emerged, one-third of the usual...
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