Spring rally sets stage for summer markets

Spring rally sets stage for summer markets

*Bryce Knorr, senior grain market analyst for Farm Futures, is filling in for Bob Burgdorfer this month.

THE surprising spring rally in corn and soybeans caught most in the market off guard, but the forces driving prices higher in May and April may not mean much now that calendars have flipped to June.

Supply and demand factors account for only part of the move soybeans have made towards $11/bu. and corn past $4/bu.

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