Corn and wheat slide with the lack of export biz and rain in HRW areas. Soybeans and products watch Brazil weather. Cattle extend last week’s gains with ideas of steady cash, hogs mixed waiting for a cash bottom. Kent Beadle, Paradigm Futures, has more.
Corn and Wheat Slide, While Soybeans Up Watching Brazil Weather: Cattle Extend Gains, Hogs Mixed
Corn and wheat slide no new export biz, rain in HRW areas. Soybeans and products watch Brazil weather. Cattle extend last week’s gains with ideas of steady cash, hogs mixed. Kent Beadle, Paradigm Futures, has more.
December 18, 2023 11:42 AM
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Rich Nelson, chief strategist for Allendale says row crops are pausing right now until the weather story is really decided, while wheat is concerned about rising tensions in the Black Sea region.
Kevin Duling with KD Investors says corn and soybeans eased with a 1% improvement in ratings, while the weather is moderating.
Dave Chatterton with Strategic Farm Marketing says the market initially traded the heat for this week which is unwelcome for corn during pollination time.
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