Rare weather patterns may influence grain markets moving forward. “There is some volatility in these solar cycles that could cause significant price volatility in grain markets and there are opportunities on both the buy side and the sell side for physical producers and end-users,” said Shawn Hackett, president, Hackett Financial Advisors. Speaking at the AgCountry Farm Credit Service AgFocus Conference, Hackett said the current series of weather cycles is creating a once-in-a-generation weather event. “It’s a really crazy time for weather and some of the things that we’re seeing with weather extremes is indicative of what we’re going to see more of going forward,” said Hackett. “This particular year for the Midwest Grain Belt, we think there’s a higher order risk for a highly impactful drought.” Hackett advised farmers to think about how to best manage those risks until the markets are more favorable.
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