08/21/2024 Moscow Fends off Drone Attack

On the Grains
Good morning, breaking news out of Russia, they have staved off 45 total drone attacks with 11 of them being on the capital city. While I am a bit early this morning 3:20 a.m. and Reuter just released the story 30 minutes ago, if there ever was a reason to “risk on” crude oil and wheat, here we go and as of now those markets have only slightly reacted. I would expect more as the east coast traders get to work. While drone attacks are nothing new, attacks on the Moscow are somewhat rare. As of now, the shorts in corn and beans feel bulletproof. However, they have been short for a long time and the longer they are on one side of the boat the more there is an increased risk of a Black Swan taking them out. Anybody out there that sees a large flock of birds heading towards Chicago feel free to reach out to me.