Wisconsin Ag Connection - National/World News - CoBank: Elevators Capitalize on Grain Rally; Potential Volatility Ahead
National & World Ag News Headlines CoBank: Elevators Capitalize on Grain Rally; Potential Volatility Ahead USAgNet - 12/16/2020 An explosive counter-seasonal rally in grain prices that continued through early December has dramatically changed the complexion of the 2020-21 grain marketing season. The largely unexpected rally that began in August enabled U.S. grain elevators to capture strong margins on stored crop, as well as on new crop which they bought and resold into a rising market. Having already accelerated merchandising, elevator activities will be limited over the next three mon...
Source: wisconsinagconnection.com