Dryness, currency, and demand questions — This week in the grain markets

by

Opinion

Grain markets ended the week mixed as a stronger U.S. Dollar led to some profit-taking on Friday, somewhat capping the substantial gains made in soybean prices. Conversely, wheat prices were set to close positive for the week but Friday’s strength in the U.S. Dollar, profit-taking, and increasing winter wheat harvest activity turned the complex red. Finally, corn prices traded sideways this week as traders hummed and hawed over how much good or bad the dry weather in the forecast is going to be; some say it’ll help get the crop going, others are worried it’ll kill seeds off before they…

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