On Friday, September 10th, at 7:30 AM central time the U.S.D.A. will release its monthly crop report. This report as well as the next in October will be two of the most anxiously awaited and traded reports of the last two years, due to its widely and varied opinions on its results. There is a fear in the market that this report could be very bullish, therefore no one will want to be short and speculators will want to buy long. A combination of short covering or buying back of short positions and new speculative long position buying paved the way to new contract highs on the month for soybeans, corn and wheat and highs for the year for corn and beans this week. It's always easier to figure out how large trading funds will trade prior these reports, than what the government feels it wants to report.
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