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AgDay TV Markets Now: Tommy Grisafi, Advance Trading discusses what’s next for the grain markets after a higher but volatile week as markets chased weather and war headlines.

Sens. Chuck Grassley (R-Iowa) and Tammy Baldwin (D-Wis.) introduced a new bipartisan bill, the Farmland Security Act of 2023, seeking to further boost transparency in foreign ownership of U.S. farmland.

The Farmland Security Act of 2023 seeks to further boost transparency in foreign ownership of U.S. farmland.

From growing tensions between Ukraine and Russia to forecasts for hot and dry weather across the Midwest, grain prices have been on a volatile run. Analysts think the volatility could heat up again next week.

December corn ended 22½ cents higher; November soybeans were up 31 cents; with Chicago wheat climbing 36 cents; Kansas City, 31 cents; and Minneapolis, 2 cents. How long with the volatility continue?

“Most farms don’t have the time, capabilities, perspectives, resources or desire to do all the tasks it takes to run an operation,” says Steve Kluemper, AgriStrategies LLC founder. “A lot of growers hire to fill gaps.”

19 months after an EF4 tornado tore through the town, the deadliest in Kentucky’s history, the Mayfield community faced massive flooding this week after nearly 12 inches of rain fell in 24 hours, setting a new record.

Grains mostly lower except old crop soybeans on profit taking & hedge selling. Grains had a higher but volatile week trading war and weather headlines but what’s next? Tommy Grisafi, Advance Trading has insight.

Corn outlook and market keys for the next 5, 30 and 90 day segments.

Thanksgiving normally marks a change in direction for the grain markets. Jerry Gulke sets the stage for this year’s potential moves.