• Recent weakness turning short-term technical trend in some grain futures contracts
  • Long-term models still clearly bullish
• Estimated average speculator positions in corn and soybean oil a long way from being underwater and forcing liquidations
  • It’s all profit taking right now
• On this day in history:
  • 1927: Charles Lindberg solos across the Atlantic Ocean
  • 1932: Amelia Earhart does it again!
  • And (drum roll, please) 1973: Mike Caughlan is born… Happy Birthday, Mike!

Host: Nicole Thomas, Vice President – Information Services Expert: Shawn Bingham, Director of Risk Management