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The grain markets had several drivers this week, including daily reports from the Pro Farmer Crop Tour, more big purchases from China and continued uncertainty of the crop damage in Iowa.
After major expansion, Chase Dewitz is focused on inner growth
Soybeans plunge on rains; wheat mostly higher on Black Sea war news, corn 2-sided in the middle. Corn & bean export biz fails to support. Feeders make some new highs, Feds mixed. Kevin Duling, KD Investors has more.
“Farmers are likely far down the list of threatened occupations.”
The U.S. rejected Mexico’s proposal to jointly research the health effects of genetically modified (GM) corn, according to Reuters and Mexico media.
The losses the past seven to 10 days have cost farmers dearly, says Jerry Gulke. When fundamentals don’t influence prices the way we’ve come to expect, he says it’s time to look behind the scenes.