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Gulke says, all of the winter predictions for the grain and oilseed market haven’t come true. “So suddenly we’ve kind of turned upside down to where conventional wisdom was almost 98% wrong.,” he says.
USDA maintained its outlook for all food prices to rise 2.2% this year, with food at home (grocery) costs expected to be up 1.2%.
Grains end mostly higher Friday with pre-holiday trade but also holding weather premium. Cattle traded mostly lower ahead of the COF Report despite some record cash in the North. Garrett Toay, AgTraderTalk, has more.
Weekly overview of ag commodity market news & price action compiled by Austin Schroeder with Brugler Marketing. Not intended as trading advice. Actions taken are responsibility of the reader.
A recap of this week’s price action and key market drivers in the next 5, 30 and 90 days.
Alex Neuenschwander, a fourth-generation dairy farmer, is headed to the Indy 500 winners circle this weekend to hand out the iconic bottle of milk. His secret to success on the farm? Finding efficiency at every level.