The Ag Trade: Grains, Beans and Corn are Trading at Key Levels

From the trading floor of the CME Group, Chris Robinson for Traders Exclusive, reviews the grain market, particularly the July/November spread. This is something Robinson has focused on before and you should take note. The Goldman Roll starts tomorrow, the worst kept secret and everyone is trying to get in front of it. The pros are waiting to sell new crop beans as they no Goldman has to get out of its longs in the spot month and buy further out as it is an inflation hedge. Chicago wheat and corn are also below key levels, with corn setting up to test a four-year low which was hit back in January.