You Can Benefit From the Grain Rally

Written By Mike Opperman

An article from Farm Progress

Grain markets rebounded this month after a difficult June, but the harvest lull likely will change that by month’s end. Markets are now moving on three things: weather concerns as heat and dryness hit the U.S. Corn Belt and Europe, escalating geopolitical tensions disrupting Black Sea grain exports and significant uncertainty around Chinese demand for both corn and soybeans.

The rally has pushed prices back to the high end of recent ranges, with wheat challenging contract highs and crude oil recovering over 20% from early July lows. Market sentiment is shifting into neutral. After this month, a pre-harvest could take hold.

  • Know your cash flow needs.

  • Use actual production costs and sales to date to rework crop breakevens.

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Mike Opperman https://www.blackdirtcommunications.com
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