It’s a weather market and it’s going to remain that way without rain in the forecast for the next seven to 10 days, according to a market analyst.
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Grain gains from drought, tempered by demand
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Drought in the western Plains has some farmers concerned, while the southeast and the upper Midwest is wetter than usual.
The soybean market was “on fire” to start this week, with bean oil pushing to the upside May 4, adding risk premium due to the war in Iran, sa…
The markets are eyeing the forecast to see whether planting progress will push forward or not.
With conflict ongoing in the Middle East, the grain market is looking for other movement.
