Grain markets survive Monday madness
Monday’s stock market dip may have sent shivers down the spines of most investors but one agriculture market analyst is offering some words of comfort.
Jon Driedger with FarmLink said grain markets have been relatively unaffected by the markets’ turmoil
“To some extent there is some spillover influence where grain markets are not completely an island onto themselves but if you look at really the volatility we’ve seen in outside markets and quite frankly in crude oil and the Canadian dollar, really grain markets are largely unscathed,” Driedger said.
Spring wheat closed on Tuesday at 608-2s, up 6-4 from the morning. Wheat, Oats and Soybeans also saw increases.