Volatility Erupts as Trades Shift Futures Positions

Volatilty has eruped in the grains markets since the U.S. reported its estimate of acreage in late March. Large changes in positions is one of the reason behind the increase in volatilty. This could continue as there are many unknowns that will effect bean and therefore meal.  Excessive rainfall in parts of Argentina will likely result in a measurable, but unknown, reduction in the size of the soybean crop due…