AgDay
Hosted by Haley Bickelhaupt, AgDay provides the nation’s farmers and ranchers with the latest news, weather and business headlines, and features the people and places unique to the industry and small-town America.
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Grain markets are driven by lower supplies and higher demand.
![Modern Monetary Theory [MMT] has one thing going for it, though – reality.](https://assets.farmjournal.com/dims4/default/8c02384/2147483647/strip/true/crop/640x428+0+36/resize/250x167!/format/webp/quality/90/?url=https%3A%2F%2Ffj-corp-pub.s3.us-east-2.amazonaws.com%2Fs3fs-public%2FCA88E7C7-2CED-4089-ACF5BE9C6A3F40EE.jpg)
Modern Monetary Theory [MMT] has one thing going for it, though – reality.
Most farmers assume they can elect to defer these proceeds to 2021. But you must follow certain rules to qualify.
The rising prices of corn and soybeans had farmers in the buying mood big time in the last few months of the year.
Analysts say the trade expected a bullish USDA report. With minimal changes, traders sold the market and commodity prices dropped.