Do the Math
The December 2023 corn contract is in the $4.50 per bushel range while that same contract in 2024 is just over $5 per bushel. "That is the market telling you that you grew a good crop and demand is not there,"…
Articles tagged under: Tommy Grisafi
Dealing With Inflation Becomes a Tricky Issue During an Election Year
During the National Association of Farm Broadcasting Convention, Advance Trading Risk Management Advisor Tommy Grisafi spoke about the impact of rising interest rates. "People didn't realize interest rates could go up so there's 15 years of bad habits and if you're…
The Bull Pen
In this monthly look at market-moving news, Advance Trading Risk Management Advisor Tommy Grisafi highlighted interest rates, land values and the markets. The Bull Pen included a discussion about the wars happening in Ukraine and the Middle East and the…
10-Year Notes At Levels Not Seen in 16 Years
The yield on the benchmark 10-year Treasury notes topped five percent for the first time since June of 2007. Advance Trading Risk Management Advisor Tommy Grisafi said this is significant news for the economy. "That's a different world from what…
Government Shutdown Would Influence Markets
The threat of a government shutdown is not positive news for the markets. Advance Trading Risk Management Advisor Tommy Grisafi cites the USDA crop report that is coming out in October. "That could get delayed and once that data gets…
Crude Prices Reach Ten-Month High
Crude oil prices have topped $90 per barrel, which is a ten-month high. Advance Trading Risk Management Advisor Tommy Grisafi said there is some positive news for the farmer with the high energy prices. "For the average consumer, it stinks,"…
Outbidding Each Other to Get Through Panama Canal
Water levels on the Mississippi River are low, impacting barge movement once again this fall. The Panama Canal is also dealing with major restrictions due to very low water levels. Only 32 vessels are allowed to cross each day, down…
RRFN Hosting Market Outlook Forums
Join the Red River Farm Network at the Big Iron Farm Show in West Fargo on September 12-14. Each afternoon, RRFN hosts industry-leading market analysts for a conversation about the markets. The analysts on the stage include Jerry Gulke, Tommy…
A Different Mindset
The dramatic ups and downs in the corn market may be in the rearview mirror for a while. Advance Trading Risk Management Advisor Tommy Grisafi says that requires a different mindset. "There's farmers that had a cost of production of…
Back to the Basics
With high interest rates, there are few places in the world that can afford $7 corn, but will be ready buyers when corn is at $4.50 per bushel. Advance Trading Risk Management Advisor Tommy Grisafi says lower prices will stimulate…
