July 15, 2020
The onset of summer brings with it the prospects for a weather rally. That was the case in early July, when a bout of hot, dry weather prompted grain prices to move moderately higher.
But in recent days, the rally’s momentum has sputtered. Traders largely shrugged off two rounds of large corn and soybean sales to China on Tuesday and Wednesday as they look at rainy weather and milder temperatures for much of the Midwest moving forward.
Last Friday’s World Agricultural Supply and Demand Estimates (WASDE) report from USDA hasn’t done any favors for grain prices lately, either.
Today, we sat down and talked through many of the variables that are responsible for an uptick in price volatility this week.
Listen to the latest Midweek Markets podcast for July 15, 2020.
About the Author(s)
Senior editor, Farm Futures
Senior Editor Ben Potter brings more than 14 years of professional agricultural communications and journalism experience to Farm Futures. He began working in the industry in the highly specific world of southern row crop production. Since that time, he has expanded his knowledge to cover a broad range of topics relevant to agriculture, including agronomy, machinery, technology, business, marketing, politics and weather. He has won several writing awards from the American Agricultural Editors Association, most recently on two features about drones and farmers who operate distilleries as a side business. Ben is a graduate of the University of Missouri School of Journalism.
You May Also Like