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Grain futures ended lower for the week removing weather premium. Naomi Blohm, Total Farm Marketing, says, “It feels like it’s doing a warning shot just to remind us that the crop is getting planted.”
Technically, Jerry Gulke, president of the Gulke Group, says weather rallies can be fleeting and this week there were sell signals in the grain market.
The potential consequences of not renewing the USMCA include significant economic and trade disruptions, increased policy and regulatory uncertainty, weakened enforcement of labor and environmental standards.
Commodity prices saw pressure this week, and analysts say it’s largely due to gains in planting progress. What are the chances the grain market can find some momentum in June? Joe Vaclavik and Chip Nellinger weigh in.
The world of used farm equipment changed dramatically during the pandemic as auctions moved to online rather than in-person events. According Machinery Pete, the change was both significant and permanent.