A farmer looks at drought-struck crops© AP/REX/Shutterstock
Grain stocks and currency volatility continue to give shape to markets but it’s been adverse weather in the northern US that has created the real interest and price opportunities in recent weeks, writes Cofco International UK trading director Stuart Shiells. It started in May with hot dry conditions in the main hard red spring wheat-growing states, causing Minneapolis futures to rocket. This finally triggered speculators to get out of their short (sold) futures positions which have been dominating the market for […]