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Markets see commodity wide fund selling on bearish news including: China corn cancellation, Black Sea Grain deal, big yield ideas. However are prices close to a low? Shawn Hackett of Hackett Financial Advisors.
The Biden administration recently published a proposal to expand the jurisdiction of the Committee on Foreign Investment in the United States (CFIUS). . .
Grains are mostly lower with fund selling on the China cancellation, Black Sea Grain deal. Wheat trades tour results. Livestock mostly lower in consolidation mode. Allison Thompson with The Money Farm has more.
AgDay TV Markets Now: Matt Bennett with AgMarket.Net explains the selloff in the grains on Tuesday and if Nov soybeans will hold $12 and Dec corn $5.
South Dakota farmers have planted 49% of the corn and 29% of the soybeans in the state. Both are ahead of the five-year average and a surprise with fields snow covered in April.
“Plant early for optimum yield” is a common refrain soybean growers hear from agronomists and other crop production experts today. But when you can’t get into the field, regroup and go to Plan B.