Commodity futures markets thrive on various forms of instant gratification that are capable of immediately moving market prices and providing trading opportunities. It may be important government reports such as Friday’s August WASDE, which has a history of provoking immediate, significant price movements in grain and soy futures markets, or sudden economic/political events with the potential for moving prices (e.g., China’s recent imposition of tariffs on U.S. soybean imports or Russia’s decision some years ago to prohibit wheat exports). Many noncommercial futures traders seek to buy or sell the quickly changing price movements resulting from such occurrences. Basic supply and demand fundamentals may ultimately determin...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, China, North America, South America, Russia