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USDA’s Ag Outlook Forum pointed to a 3% increase in total planted acres of corn, soybean and wheat acres, a signal that stocks will grow in 2023. Market analysts say traders may be shifting their focus to new crop.
Cattle feeders continued gaining market leverage this week as prices moved higher and slaughter levels declined.
AgDay TV Markets Now: Arlan Suderman of StoneX Group discusses the risk off in commodities to end last week and if funds will continue to sell the grains with lower weekly closes.
Price action and outlook for the next 5, 30 and 90 days.
USDA is projecting higher production of major commodities for the upcoming crop season for the U.S. and globally, releasing their baseline projections for the upcoming marketing year at the USDA Ag Outlook Forum.
Risk off in outside markets, increasing inflation talk sparks more technical selling in grains. With lower weekly closes will the funds continue to liquidate next week? Arlan Suderman of StoneX has the answer.