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Weather will continue to be the market focus, at least until the end of August, as ideal conditions will be needed for the soybean crop to reach its potential, Randy Martinson of Martinson Ag Risk Management told Don Wick of Red River Farm Network on the Agweek Market Wrap.
Randy Martinson of Martinson Ag Risk Management talk about the volatility in the market caused by hot temperatures, international stories, the economy and more on this week's Agweek Market Wrap, sponsored by Gateway Building Systems.
On this week's Agweek Market Wrap, Don Wick of the Red River Farm Network and Randy Martinson of Martinson Ag Risk Managent discuss the impact of the Ukraine-Russia deal regarding grain transportation on the wheat market, as well as what continued heat means for crops in the U.S.
The week started out with funds trying to get out of commodity markets and finished the week with a bit of a recovery, Don Wick of Red River Farm Network said on this week's Agweek Market Wrap. Randy Martinson of Martinson Ag Risk Management said weather is at the root of the recovery.
Don Wick of the Red River Farm Network and Randy Martinson of Martinson Ag Risk Management said that the Quarterly Stocks and Planted Acreage report along with a trucker protest in Argentina and ongoing West Coast port labor talks had an impact on markets this week.