Allison Thompson with The Money Farm says the failure was likely position squaring heading into the three day holiday plus markets ran into chart resistance and saw some profit taking.
Farm Journal’s June Ag Economists’ Monthly Monitor shows a weaker ag economy versus a year ago, but more than 80% expect consistent or better conditions over the next 12 months despite ongoing margin pressure.
Virginia’s Mainland Farm is considered America’s oldest continuously farmed land, cultivated since the early 1600s. Today it still produces crops while preserving 400+ years of agricultural and Revolutionary War history.