The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
The FBN Team provides a macro-focused daily view of the world’s grain markets. Kevin McNew received a bachelor’s degree from Oklahoma State University and his master’s and Ph.D. degrees in Economics from North Carolina State University. He spent 10 years as a Professor of Economics with the University of Maryland and Montana State University focusing on commodity markets and is widely regarded for his ability to boil-down complex economic situations into easy-to-understand concepts for applied life.
Weekly Sales on Par With Expectations
Export Sales Table
Week of Mar 7
What It Means For The U.S. Farmer: Well supplied world competitors and a strong U.S. dollar continue to be significant impediments for the U.S. grain export program. In turn, that makes price rallies few and far between as U.S. values can’t disconnect from world values.
Summer Weather Outlook Mixed
What It Means For The U.S. Farmer: Hints of a drought are hard to find this season, so it will be a challenge for the market to get excited about too wet conditions this growing season.
The risk of trading futures, hedging, and speculating can be substantial. FBN BR LLC (NFA ID: 0508695)
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