Open interest in the grain markets is shifting, signaling potential changes in trader sentiment as we approach the new marketing year starting on September 1. Seasonals are looking favorable, with market conditions typically strengthening ahead of the harvest. Soybeans are seeing an improving situation, supported by demand and crop progress, while corn remains strong, benefiting from solid fundamentals.
As we move into the new marketing year, key factors to watch will include yield reports, export demand, and how the crop quality holds up through the final stages of development. These elements will be crucial in shaping pricing strategies and market positioning as the new season begins.