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By: Kevin McNew, AgWeb
The Grain Hedge Team provides a macro-focused daily view of the world’s grain markets. Kevin McNew received a bachelor’s degree from Oklahoma State University and his master’s and Ph.D. degrees in Economics from North Carolina State University. He spent 10 years as a Professor of Economics with the University of Maryland and Montana State University focusing on commodity markets and is widely regarded for his ability to boil-down complex economic situations into easy-to-understand concepts for applied life.
Weekly Commentary - March 23
Mar 23, 2018
Cash markets continue to feel the sting of higher barge freight with river terminals weakening basis by 4 cents on average for corn and soybeans by 2 cents. River water levels continued to rise this week and look to continue higher in the coming week which should add more pressure to barge rates.
Conversely, end users showed more strength this week. Corn ethanol plants were up 1 cent on average while bean crush facilities bolstered their basis by 2 cents.
The risk of trading futures, hedging, and speculating can be substantial. Grain Hedge is a Branch of Foremost Trading LLC (NFA ID: 0307930)
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