The stock market has been on a bullish run since the November election. Early Wednesday before the beginning of another rollercoaster day, the Dow hit 19,974, so the elusive 20,000 mark remains untouched.
On AgDay Thursday, Tommy Grisafi of Advance Trading, Inc. told host Clinton Griffiths those dealing with commodities should remain optimistic.
“You’ll see money come out of stocks and move out of bonds and come back in the commodities,” said Grisafi. “When they do that, there’s only a finite amount of a commodity that we grow for that year.”
Grisafi believes the strong stock market and Dow should serve as a lesson to family farmers.
“What other company in America has had the same CEO for 50 years?” said Grisafi. “Your family farm needs to take a lesson from the stock market and run a tighter ship.”
Watch Grisafi’s full comments on AgDay above.