Weather and Prices Remain Key Influencers for Farmers in Upcoming Growing Season
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Jeff French discusses commodity market trends, noting corn and soybeans have struggled to break through resistance levels since late October.
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Rainfall timing and weather will be critical factors influencing crop production and trader sentiment this growing season.
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Farmers seem committed to holding onto remaining old crop bushels until prices improve significantly.
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Crop insurance prices are much lower than last year which could discourage planted acres.
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Despite recent upticks, cotton may struggle to push past the psychologically important $1 per pound level in the near-term.