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The math and mental gymnastics to truly understand how much risk your farm can handle can be exhausting, but it can be calculated with enough what-if scenarios.
Chicago wheat futures rose on Thursday as Russia declared a state of emergency in key grain-growing regions due to frosts, while corn and soybeans also edged up.
Corn, soybeans, and wheat all stalled out against our resistance pockets this week which has brought prices back to technical support. Is it a buy the dip market?
Tomm Pfitzenmaier, Summit Commodity Brokerage, says the early new crop estimates for the May WASDE are larger than last year which is potentially bearish, but still in line with the USDA Ag Outlook Forum.
Looking ahead, three special elections are scheduled in districts that traditionally lean Republican, potentially expanding the GOP’s majority.
Video: Grain futures had an impressive start to the week but that momentum fizzled yesterday afternoon and into today’s trade. Will technical support be defended?
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