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Grain futures were higher in the overnight trade but faded through the regular trading hours with corn and wheat finishing the day lower
Corn, wheat fade Russia ending the Black Sea Grain deal. Meal, weather & China export talk support soybeans. Cattle firm w/higher cash ideas, hogs supported by higher cash index. Kent Beadle, Paradigm Futures.
The Kremlin said there was no link between the attack and suspending the deal, which lets Ukraine export grain through the Black Sea. Instead, it occurred over a failure to ease rules for food and fertilizer exports.
Grains fade after higher open on weather, China soybean export talk and the end of the Black Sea Grain deal. Cattle firm but fail to take out last week’s highs? Kevin Duling, KD Investors.
Despite rains the last couple of weeks in parts of the Corn Belt the latest drought monitor shows drought continues to grip a huge part of the Midwest, including Nebraska>
Jon Scheve discusses the recent USDA report and shows how demand issues may impact corn and bean prices over the next few months.