Heading into December, Total Farm Marketing market advisor John Heinberg is expressing caution regarding the strength is in the grain markets. “We’re watching the technical trends and the money flow. This is a weather market. It’s all going to be about the South American forecast. If we see any changes, don’t be surprised if we see the market take some premium out.” The weekly grain inspection report released today is being watched closely. Heinberg says 85 percent of the USDA’s target for soybeans is already sold eight weeks into the marketing year. “Now, the key is do those beans get out and get moving?”
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.