Grain prices have struggled in recent sessions, with corn, soybean and wheat contracts suffering moderate to heavy losses on Wednesday. Supply, demand and weather fundamentals are all factors, but were other outside factors also creating cascading losses?
In particular, we took a closer look at Dogecoin and other cryptocurrencies, which have seen steep declines recently as investors have begun to lose faith in their moneymaking potential. That in turn influenced the Dow and S&P 500, which each fell around 1% today.
Was Dogecoin’s influence all bark and no bite, or did it have a measurable impact on grain prices as well? Farm Futures grain market analyst Jacquie Holland has her doubts, but that led to a discussion about overall volatility for grain prices, weather concerns moving forward, the prospect for an uptick in ethanol demand and more.
Listen to Midweek Markets podcast for May 19, 2021:
Farm Futures Market Update · 05 - 19 - 2021 MM PODCAST
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