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The grain markets were lower for the week, except for hard red spring wheat. Jerry Gulke, president of the Gulke Group, says he thinks the pressure was largely in response to this week’s surprising trade developments.
Market outlook broken down into the next 5, 30 and 90 day segments.
“It’s another option to have some control over fertilizer prices, which have been extremely volatile in the past couple of years,” says Josh Linville vice president of fertilizer at StoneX.
Allison Thompson with The Money Farm, says it was a lower week in the grains on a combination of technical selling, weather and trade uncertainty.
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It’s not just planting cotton farmers are battling this year. Soybeans are also struggling in the ground, and the corn is wind whipped or battered by hail and sand. With farmers staring at financial losses already this year, some worry this could push a growing number of them out of business.
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