Grain futures tumble on rain in South America

Grain futures collapsed during the session today with rains in southern Brazil that arrived overnight and weren't forecasted.

Heartland Market Talk
Heartland Market Talk
Grain futures tumble on rain in South America
/

Today's Heartland Market Talk will review how the grain markets went from consolidating high prices earlier in the week to an outright washout, with the end of the tax year being Friday, profits were banked with rains shifting some attitudes. We discussed how the weather, although the near term is helpful, longer-term we're still in a dryer trend as it always rains in a drought. It just never rains enough.

Commodities, futures and options trading involves financial risk and should be considered carefully before making any trades. The information contained on this site is taken from sources, which we believe to be reliable, but is not guaranteed by us as to accuracy or completeness and is provided to you for information purposes only.

Sign Me Up!

To subscribe, fill in your name and info below and we'll send you a link to add to your favorite podcast app.
crossmenu