Friday March 13, 2020

  • Grains bouncing off yesterdays lows here at the end of the week as we continue to coast through this yo-yo market, however not reaching the highs we hit on the overnights 
  • For the time being the grains will be tethered to the greater stock markets however the when they turn back to fundamental agriculture related news there are a few rays of hope shaping up for the bulls
    • Argentina starting to get dry, unrelenting rains so far in southern U.S. and an acreage battle shaping up to give us some direction by the end of March 
  • U.S. ethanol producers are feeling a pinch as margins have fallen to an eight year low for this time of year