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Cattle extend gains on record cash and ideas of higher money this week. Hogs see short covering. Grains up on crop ratings and Ukraine concerns. Brad Kooima, Kooima Kooima Varilek.
SovEcon raised its 2023-24 Russian wheat export forecast by 2.7 MMT.
AgDay TV Markets Now: Shawn Hackett says corn and soybeans trade extended weather but what kind of premium does the market need to put in if the rain doesn’t confirm?
Cotton futures extended Friday’s weakness despite crude strength after top crude exporter Saudi Arabia pledged to cut production by an additional 1 million barrels per day from July.
Ken Ferrie is seeing potassium deficiency in corn this season because of dry soil conditions. It’s easy to confuse with a nitrogen deficiency and even the carbon penalty and ugly corn syndrome.
Corn, beans, cotton lower trading weather, WASDE, exports, outside markets. Wheat higher on short covering. While cattle hit new highs w/record cash. Shawn Hackett, Hackett Financial Advisors has more.