Grain markets ignoring dry forecast, trending lower

An ag economist says commodity markets are trading in the opposite direction of weather fundamentals.

The University of Missouri’s Ben Brown says traders locking in profits and farmers delivering ample grain is driving down the market despite extended weather outlooks trending dryer.

“That’s maybe not surprising, given that we have high costs and people are trying to protect revenue given that there’s higher costs this year than what we’ve seen,” he said.

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