Chris Robinson Analysis: Weekly Commodity Market Update
Chris Robinson talks about Friday’s USDA report. The private forecasters last week came out with some high yields and big crops.
In today's Traders Exclusive, Chris Robinson reviews the recent trading in a variety of commodity markets. Since last week's video in which Robinson noted that the grains had been forming a short-term bottom, wheat, corn, and beans have all rallied modestly. On Friday, the USDA is releasing its report, and if it confirms what has been a trend of higher yields, this rally may turn out to be a good sell opportunity. If there the report surprises, it could provide a catalyst for further upside in the counter-trend rally, so there should be a nice trading opportunity to close the week.
