[Listen] Gordy Markets Last Couple Weeks Crazy
It was kind of a quite week in the grain markets until the story about biodiesel from the Environmental Protection Agency (EPA,) The story reported that the use of biodiesel would increase much less than the market expected. That took soybean oil down the limit and the other markets went down hard too. This was not an official news release from the EPA!
The story did not even quote sources from the EPA! It just said the mandated use of biodiesel may be this number which was much lower that what was expected. Click on the link above and listen to Gordy Kralovetz with Chiodo Commodities talk about the Ag Markets last week.