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AgDay TV Markets Now: Jim McCormick of AgMarket.Net talks about what caused the risk off day in outside and commodity markets on Tuesday.
Farmers in Iowa and parts of Illinois, Minnesota, Nebraska, Wisconsin and South Dakota are in the “red zone” for CRW pressure this season.
With the impending snowstorm in the upper Midwest and Northern Plains, it may seem like the 2023 planting season will be off to a slow start. However, in states like Illinois and Missouri, planting has already started.
The decline is attributed to ample wheat supplies and weak demand from exporters.
Farm Journal Field Agronomist Ken Ferrie says there’s a lot of value in the concept of “start clean and stay clean” for full-season weed control. He shares some advice as farmers prepare for planting this year.
Markets lower with a risk off day in outside markets spilling over but corn and soybeans also saw profit taking with a change in weather. Cattle confirmed the reversal. Jim McCormick, AgMarket.Net .