Grains are mixed early with corn and new crop soybeans getting support from dry weather and ideas of lower crop ratings. Wheat mixed. Live cattle see some short covering and with strong beef values with feeders down on higher corn and technical buying in hogs after a higher weekly close and stronger cash. Kent Beadle, Paradigm Futures.
Corn and New Crop Soybeans Put in Weather Premium, Wheat Mixed: Cattle and Hogs Watch Corn and Cash
Corn and new crop soybeans up on dry weather and ideas of lower crop ratings. Wheat mixed on spreads. Live cattle see short covering w/strong beef values and cash pushes hogs. Kent Beadle, Paradigm Futures.
June 12, 2023 09:31 AM
Related Stories
Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
Read Next
Some of the easier entry points for corn and soybean farmers looking to capture higher returns can deliver $200 or more per acre.
