The commodity markets are in a demand state of mind. That was one of the points made by Northland Community and Technical College Farm Business Management instructor Betsy Jensen during the Big Iron Farm Show. “This is strange because it’s September and the markets are typically focused on supply. China is back as a buyer, but we just don’t know how long this will last or how big it will be.” Total Farm Marketing senior market advisor Bryan Doherty agreed that the market outlook is brighter for agriculture. “Strong demand and export bids are encouraging, along with the weaker U.S. dollar. The big takeaway is there is some actual revenue to start talking about protecting.” Weather is also having a slight impact on the markets, according to Martinson Risk Management President Randy Martinson. “The early frost in the Northern Plains may have done more damage to the soybeans that originally anticipated. The trade is also expecting to see another decrease in production in the October supply/demand report.” The full conversation can be viewed here.
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