The Federal Reserve was in action Wednesday and raised the key interest rate up 0.25 percent to 1.75 percent. This is the highest level it’s been since 2008.
The USDA will release its prospective plantings report in less than a week on March 29. Corn has been having positive news with a reduction in global stocks and strong exports.
The National Grain and Feed Association is supporting the 199A grain glitch fix in Congress made possible by the omnibus spending bill, the National Farmers Union remains a major critic.
Does your planting rotation have you planting soybeans this spring?
The disaster aid package would benefit those who are impacted from events like last year’s wildfires or hurricanes.
Outside money or funds can be a driver of price in the grain and livestock market: they can either drive prices up or down.