Three market analysts took the Red River Farm Network stage at the Big Iron Farm Show. “Our lives have changed because of the coronavirus pandemic. That is being reflected in the energy markets,” said Tommy Grisafi, risk management advisor, Advance Trading. “We also have to remember this is an election year. That adds to the already volatile market environment.” According to DuWayne Bosse of Bolt Marketing, the commodity markets are most definitely facing a lot of risk. “Moving forward, I’m particularly concerned about the cattle markets. The summer months were okay, but I think that’s because inventories were down and the cattle weren’t quite ready for market.” Van Ahn and Company Chief Financial Officer Kristi Van Ahn stressed that farmers should ask more market questions. “What should they do with this soybean rally or local basis levels? It’s a rare opportunity and farmers should be taking advantage.” View the live stream of the discussion here.
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