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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.
Corn, beans lose early gains watching weather, WASDE, export inspections, outside markets. Cattle make new highs presenting a hedging opportunity, with hogs consolidating. Mike Zuzulo, Global Commodity Analytics.
Jon Scheve discusses how recent weather forecast changes impact corn prices. Plus, Jon’s final bean basis value for 2022.
Grains start higher then turn mixed watching weather, the $, crude oil and squaring ahead of the WASDE. However, what are cash basis levels doing on grain? Cattle make new highs. Nick Tsiolis, Farmer’s Keeper.