The grain markets are playing a familiar tune — a song of higher prices. “We are truly in uncharted waters,” says Jerry Gulke, president of the Gulke Group. “There are so many things in motion.”
Less Than a Week Away from USDA's Official Acreage Survey, Yet That's Not What's Moving the Markets
Less than a week from USDA’s Prospective Plantings report, it seems the market isn't consumed by possible acreage outcomes. Instead, outside interest fueled prices as investors see commodities as a safe bet.
Farm commodity prices, production costs and consumer food prices are higher than would have been expected a few months ago, according to the 2022 U.S. Baseline Outlook report by FAPRI.
Bailey Elchinger with StoneX Group, Al Mussell with Canadian Agri-food Policy Institute and Sonny Perdue, former U.S. Agriculture Secretary, talk markets this weekend on U.S. Farm Report.
