Chris Robinson Analysis: Grains Update Heading Into the Holidays

Chris Robinson talk about the USDA report. They did lower the yield for corn and raise the yield for soy beans.
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In today's Traders Exclusive, Chris Robinson runs through the commodities which have been exploding over the last few days. Yesterday's USDA report revealed that the yield on corn was reduced, while the yield on soybeans was increased, but all in all, we still stand at all-time high yields. This news has been digested by the market, and what is left to determine is what the demand is, and whether South America production will be affected by weather issues. The funds are long 190,000 contracts of corn and short 45,000 contracts of wheat. Robinson believes that the grains should trade in a range through the end of the year, as is typical in the holiday season.