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Minnesota Broker Says Another Week Grains Defy Logic [Listen]

Minnesota Broker Says Another Week Grains Defy Logic [Listen]
I guess you could say it was another week of more of the same! Both corn and beans seemed to ignore the basic fundamentals of tight carryover stocks. Plus weather concerns like hot and dry in about 30 percent of the mid-west, hot and dry weather for much of Brazil s second crop of corn, and early frost that hurt the corn crop even more. Gordy Kralovetz with Chiodo Commodities said this just does not add up. It defies logic that the grain markets do not understand what hot and dry means?
Gordy reminds us that just over one year ago during the pandemic corn was under $3.00 a bushel and beans under $8.00. There was a very good crop growing in the field and all we heard from analysts was how bearish everything was. Grain prices were going even lower. So, farmers were advised to sell corn and beans before prices went even lower and a lot of grain was sold. Then grains began to rally and never looked back for a numb ....

Gordy Kralovetz , Chiodo Commodities , Farm Radio , Weather Market , சியோடோ பொருட்கள் , பண்ணை வானொலி ,

Marché des grains: Les regards se tournent vers les stocks et la météo

Marché des grains: Les regards se tournent vers les stocks et la météo
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United States , Us Department , Weather Market , Mid West , ஒன்றுபட்டது மாநிலங்களில் , எங்களுக்கு துறை , நடுவில் மேற்கு ,