From the Desk of Ian Culley @IanCulley
The most important crop report of the year has hit.
Yes, it’s generated quite the buzz over the past few weeks, as grain markets ripped higher in anticipation.
Some observers even speculated that Friday’s report was the most important in the history of the agrarian economy.
So let’s round down, be conservative, and call it the most important crop report in 5,000 years.
Seriously, though, it was a big deal, as acreage estimates for soybeans represent the largest miss since the report's inception – or, like, ever, in history.
More importantly for traders and investors, the report brought increased volatility.
If you’re like me and prefer to sit out these kinds of days, you’re patiently waiting for the dust to settle.
Meanwhile, if you’re at all put off by the volatility of these futures contracts, I have a vehicle that promises a much smoother ride…
Let’s talk about Archer Daniels Midland $ADM, “supermarket to the world.”
The $41B commodity behemoth has more than 100 years of experience in the grain markets.
