Grain futures prices have made strong rebounds this week, on heavy short covering from the large speculators (funds) and also some bargain hunting. This week’s price action suggests market bottoms are in place and that prices could start to trend up. Weekly closes on Friday that are at or near the weekly highs would be a better clue price uptrends can be sustained. It appears grain traders have factored into prices all the bearish U.S.-China trade news, and are now focused on wet weather in the Corn Belt (and more on the way) that has seriously slowed corn and soybean planting progress—to the point that yields will be impacted negatively. Remember, we are at the beginning of “weather market” season in the grains. If you’d like to read an interesting story on weather markets in the grains, just send me an email at firstname.lastname@example.org and I’ll attach it and send it back to you. Stay tuned!