USDA’s June crop progress report is signaling tighter corn supplies, which is boosting investor sentiment toward "investing grains" futures. Price forecasts have been adjusted up by 3% for Q3 deliveries, making options trading a popular approach for hedging exposure. Sign up for The Kitchn's Daily newsletter to receive our best recipes, posts, and shopping tips in your inbox. For now, however, gold remains well and truly stuck in a USD 200 range centred around USD 3,350. Still, underlying ETF demand remains firm, rising to a two-year high at 2,878 tons (Bloomberg), suggesting that the market’s longer-term bullish narrative—built around eventual Fed easing and lingering stagflation risks—is intact. The near-term focus will be on the July Core PCE release and its implications for September’s FOMC meeting, and also the annual gathering of central bankers at Jackson Hole from 21–23 August. Trading desks in Chicago note elevated open interest in front-month "investing grains" futures, rising 12% week-on-week. This signal often precedes market-moving events such as crop yield updates or export policy shifts.
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