Ag Business

The USDA Grain Stocks Report Friday was friendly but all the action came from the Planted Acres Report.

The grain markets were on recent highs Wednesday and then reversed sharply lower late in the week.

Markets are closed today as it is Juneteenth but what a week we had going into the long holiday weekend!

Jeff Vetch Scientist at SROC said he has been getting a lot of questions about how much nitrogen we lost due to the heavy rains in May.

Commodity Broker Gordy Kralovetz with Chiodo Commodities said the media continues to support the bearish side of the markets.

This is what a corn field looks like after 6 inches of rain, and that is a field cultivator that was unhooked next to a drainage ditch.

Commodity Broker Gordy Kralovetz said the grains were still affected by the Federal Reserve hawkish comments two weeks ago!

Commodity Broker Gordy Kralovetz with Chiodo Commodities said we started the week pretty well but the Federal Reserve comments Wednesday spooked the markets.

Commodity Broker Gordy Kralovetz with Chiodo Commodities said we had pretty good action Friday in corn and beans and even wheat came screaming back!

Commodity Broker Gordy Kralovetz with Chiodo Commodities said it was another disappointing week after the friendly USDA Report.