PLEXUS Market Comments June 18, 2020
- So where do we go from here?
It will be interesting to see what happens when July goes into the delivery period next week. A squeeze is still possible, as shorts are slow to get out of harm’s way and there seem to be willing takers. A final push higher in July would probably drag December with it and we could see new crop values trade in the low 60s over the coming week.