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Randy Martinson of Martinson Ag Risk Management and Don Wick of Red River Farm Network talk about weather, demand and interest rates on the Agweek Market Wrap.
Randy Martinson of Martinson Ag Risk Management and Don Wick of the Red River Farm Network discuss how a new USDA report, the Russia-Ukraine war and traffic on the Mississippi River had an impact on markets in the Agweek Market Wrap.
Commodity markets ended the week 'on a bang,' Don Wick said on the Agweek Market Wrap. Randy Martinson of Martinson Ag Risk Management said a combination of factors came into play, including Russian President Vladimir Putin indicating he would not support extending the deal to allow exports out of Ukraine, a sharply lower U.S. dollar, and the expectation that the USDA's export reporting system will be back up next week and will show strong smaller sales.
A big drop off in prices for grains and oilseeds on Thursday was followed by a big turnaround on Friday, and Randy Martinson of Martinson Ag Risk Management told Don Wick of the Red River Farm Network on the Agweek Market Wrap that it appears to have been a combination of profit taking and positioning ahead of the three-day Labor Day weekend.
Randy Martinson of Martinson Ag Risk Management and Don Wick of Red River Farm Network discuss the Pro Farmer tour, interest rates, weather, exports and more on the Agweek Market Wrap.