Tidbits, JD Vance, Crop Conditions, Export Inspections 7/16/24

Highlights

Expectation of an event will move the market more than confirmation of the event.

Yesterday, the market was trading a corn yield of 182 (USDA 181) bushels and a bean yield of 54 (USDA 52) bushels and a perfect weather forecast.

The market expected both crops to gain 1% in the good or excellent categories on yesterday’s crop ratings.

The market also traded a Trump presidency and that will cause a trade war with China.

If all those things happen, those events will be priced-in long before we know they happened.

Want to read more?

Subscribe to wrightonthemarket.com to keep reading this exclusive post.

Subscribe Now