Some analysts are predicting an explosive USDA supply and demand report January 12th.
Jamey Kohake with Paragon Investments says while bullish sentiment is being priced in.
“I think it’s going to be a really volatile report. I think you’re going to see everybody kind of juiced up on the long side, the funds are pretty much already there, long corn (and) long beans. If we don’t get it to be bullish enough, or even neutral, you could see a major, major round of profit taking.”
The January report includes final production estimates for 2020.