Brokers say volatility is the current market trend
Brokers and marketing consultants say the current trend in commodity markets is volatility.
Bryan Doherty of Total Ag Marketing tells Brownfield that the market has confirmed that prices fluctuate sharply almost every other week. “These trends, their volatility trends, reflect two things. One is tight supply and tight inventory. So if you’re worried about tight supply, this rapid purchase Will happen soon. The second is that the weather market is at stake. “
And Dougherty says weather forecasts only add more volatility to the weather-focused commodity market. “Imagine that almost every country except Arizona has higher than normal temperatures and lower than normal precipitation. It basically looks like a warmer, drier forecast. “
As the crop hits the house, more is needed in many areas with little water, Doherty said. “And when we enter western Minnesota, we enter northwestern Iowa and Dakotas, Nebraska. These are really important places that need more water.
Dougherty spoke with the Brownfield during Farm Technology Day in Wisconsin near Eau Claire.
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