Robert Harper with Virginia Farm Bureau’s grain division provides this week’s market updates.

Robert Harper with Virginia Farm Bureau’s grain division provides this week’s market updates.

Robert Harper with Virginia Farm Bureau’s grain division provides this week’s market updates.

Robert Harper with Virginia Farm Bureau’s grain division provides this week’s market updates.

Robert Harper with Virginia Farm Bureau’s grain division provides this week’s market updates.

This week showed a defensive futures trade as corn, bean and Chicago wheat went to the downside. Influences are still centered around weather, war in Europe, inflation and fear of weakening demand. As you are preparing and starting the corn harvest, time spent on your marketing plan will be valuable to you. Give Farm Bureau Grain Division a call to discuss local basis bids and truck availability.

#merchandiserminute #grainfutures #virginiafarmbureau

Grain and oilseed markets traded to the upside this week as speculators and hedgers watched weather, demand and political developments. Today’s USDA production numbers will help shape the trade next week as the farmer surveyed production information released today. Outside influences, like new CPI numbers, also played a role this week with the move up in futures price for corn and beans.

#merchandiserminute #grainfutures #virginiafarmbureau

Robert Harper with Virginia Farm Bureau’s grain division provides this week’s market updates.

#merchandiserminute #grainfutures #virginiafarmbureau

Robert Harper with Virginia Farm Bureau’s grain division provides this week’s market updates.

#merchandiserminute #grainfutures #virginiafarmbureau

Robert Harper with Virginia Farm Bureau’s grain division provides this week’s market updates.

#merchandiserminute #grainfutures #virginiafarmbureau