Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 5/22/17


Recent corn and soybean price declines associated with the political situation in Brazil erased the slight gains since the release of the March 31 Prospective Planting report. The sudden drop gives an indication of the fragility of the current soybean market, in particular. The information in the USDA's May 10 WASDE report is already incorporated into prices and the possibility of weather-related price runs in the summer are in focus. The following factors bear watching for possible pricing opportunities during the summer months for soybeans and corn. 

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