Detailed option trading information is essential for success in the commodities market. When you trade in things like grain and corn futures, you need to stay up-to-date on crop production as well as weather forecasts. Other things such as rising interest rates and the value of the U.S. dollar can also affect the commodities market. Read about recent trends and crop information in this comprehensive article from Michael Seery of Seery Futures.
According to Seery, the grain sector should produce an abundant crop this year due to solid weather conditions in the United States. With interest rates rising as well, he believes commodity prices will continue to drop. Although corn prices have reached a four-month high, he is staying bearish on those futures as well. Wheat prices have remained steady and so far he sees no trend to speak of. Seery stresses that put protection is an important investment at this time, especially if you’re a farmer. Investors are anticipating the June 28th crop report for more information.