The U.S. Department of Agriculture held its annual Ag Outlook Forum on Feb. 23-24. Farm income and net farm cash income were records in 2022 and are likely to decline.
Wild winter weather dominates market news
The grains gapped sharply higher to start the week. but faded back to trade at session lows by the time the day session started Feb. 16. The strength was due to the adverse weather conditions across the Southern Plains. It is interesting that the Southern Plains, Corn Belt and East Coast got hammered with winter storms (extreme cold and heavy snow) while the Northern Plains only saw extremely cold temps. Written By: Randy Martinson | ×
The grains traded in a back-and-forth fashion the third week of February. The grains started the week off with solid gains because of U.S. weather concerns as most of the U.S. Southern Plains, Corn Belt and Eastern Seaboard began to experience their worst winter in over 30 years.