The big USDA Acreage report comes out June 30, and some analysts are expecting bearish news.
“The more bearish part of the report for me is probably going to be the stocks part of the report, [which] is what people are expecting to be bearish,” Bennett told AgDay host Clinton Griffiths.
Even though there have been fundamental concerns about yields, Elaine Kub, author of Mastering the Grain Markets, says the speculative side of the market has been bearish.
“All through this week going toward this stocks report and the acreage report, we could continue to see that kind of bearish activity,” said Kub.
Hear what Kub and Bennett have to say about the volatility in the cattle market on AgDay above.