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Wild winter weather dominates market news

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.

Roundup: CBOT agricultural futures go up on bullish outlook

Roundup: CBOT agricultural futures go up on bullish outlook
sanantoniopost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sanantoniopost.com Daily Mail and Mail on Sunday newspapers.

The Trade and Foreign Affairs Council discusses why global markets are vital to the health of the ag sector

Export Outlook Hinges on China

OMAHA (DTN) U.S. agricultural trade and sales growth will continue hinging on the growth of sales to China, which USDA forecasts will hit another record for the fiscal year. USDA is forecasting a boost in sales to China, reaching a record $31 billion for fiscal year 2021. Trade overall for FY 2021 will reach $157 billion, an increase of $21 billion from FY 2020, or about 13.3% higher for the year. The fiscal year for 2021 runs from Oct. 1, 2020, to Sept. 30, 2021. “The best news for a salesperson, we’re selling more and we’re selling it at higher prices,” said Jason Hafemeister, the secretary’s trade counsel for USDA’s Trade and Foreign Agricultural Affairs.

Roundup: CBOT agricultural futures go up on bullish outlook

Roundup: CBOT agricultural futures go up on bullish outlook
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