Grain markets bounced higher to begin the month, but trended lower at the end of February. Advance Trading Risk Management Advisor Tommy Grisafi joined RRFN for the Bull Pen Report and said the market will need a significant production problem to rally again. “Ninety-nine percent of all seed is sitting in a bag and in a shed; the 2023 crop is not made. The way the markets are acting, Mother Nature will be large and in charge. If we have a cold, wet spring into a hot, dry summer, these markets could explode again, but that’s a lot of ‘ifs.’ Over history, we tend to get the crop in and we tend to grow a decent crop.” Grisafi said a large percentage of the Midwest is going into spring with adequate moisture, which should help the crop get off to a good start.
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