Grains are trading weather, but how much weather premium do corn and soybeans need to put in? And is the wheat market taking too much premium out? Cattle trade higher on tight supplies and higher cash at $171 in the south. Steve Freed with ADM Investor Services has more.
Corn and Soybeans Add Weather Premium, Wheat Takes it Out: Cattle Up with Higher Cash and Tight Supplies
Grains trade weather, but how much premium do corn and soybeans need to put in? And is the wheat market taking too much premium out? Cattle trade higher on tight supplies and higher cash. Steve Freed ADMIS.
May 24, 2023 11:59 AM
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Oliver Sloup Blue Line Futures, says wheat prices skyrocketed adding risk premium on concerns about the escalating Black Sea war and the disruptions it is causing in the export market. It could have more upside left.
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