Risk aversion continued in the ag markets today due to uncertainty on the banking crisis and upcoming Fed action. The extension of the Black Sea export deal also weighed on feed grains. The exception was soybeans which bounced off support. Alan Brugler of Brugler Marketing has details.
Ag Markets End Lower, Except Soybeans, with Uncertainty on Banking Crisis and Fed Action
Risk aversion continued in the ag markets Monday on uncertainty with the banking crisis and upcoming Fed action. The exception was soybeans which bounced off support. Alan Brugler of Brugler Marketing has details.
March 20, 2023 02:17 PM
Related Stories
DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
Read Next
With summer patterns running four weeks behind schedule, meteorologist Don Day urges growers to plan in short windows for the second half of the growing season.
