During Wednesday’s market outlook forum, Advance Trading Risk Management Advisor Tommy Grisafi pointed to the cost of money. Interest rates increased dramatically in the aftermath of COVID-19. “The cost of production changed so much. You’d come to a meeting like this hoping we’d say grains go up a little. Twenty-five cents on corn, 50 cents in beans is a real rally, but the clocks ticking on the money part the whole time.” Grisafi said farmers may be “losing way more money from the cost of money than you are from the price of the grain markets being down.” Watch the video.
