Just to recap, back in March as I was making the farm visits, I gave everybody this chart of the CRB index which showed that commodity prices had not been this depressed since 1973. Professional traders love these extremes to reverse positions. I told everybody that despite poor fundamentals, grains would rise with all commodities because of the short covering which would have to happen. This is why I was recommending price flex so strongly on crop insurance policies so that the price discovery window would be opened back up, rather than crop insurance guarantees being set at the lows of the market.
First, we get a bounce of the dollar through early June taking the dollar to this downward sloping trend line. (This is a wild guess because the currency markets are so heavily influenced by central bank tinkering.)
Today, prices are somewhere between where the low of the market was and where the high in the market will be. Moving forward, my plan is just to point out actionable places where making a decision to step on the gas or tap the brake will be prudent.
Some of these recommendations will require a brokerage account. If you do not have a brokerage account, I can help you with that.