A federal holiday isn’t really noticeable since they are in shutdown mode. Negotiations continue on Capitol Hill, but nothing substantial is happening with just three days left before default. Rains are moving into the Corn Belt bringing harvest delays and easing harvest pressure on the markets. Lack of USDA data continues to keep volumes low and increase volatility as harvest and demand data is missing.
Farm Futures Market Analyst Paul Burgener reports on morning grain trade. Listen to him using the audio player on this page.
Market Analyst Paul Burgener joined the Farm Futures team in November 2012 and brings a solid ag economics background. A former University of Nebraska Extension Ag Economist with training from the University of Wyoming, Burgener brings extensive experience to his new role. Most recently, he was involved in agricultural finance, and will offer that perspective through his comments and writing.
Soybeans start the week on a positive note with wheat and corn struggling to find footing.