Grains are mostly lower with fund selling continuing and the 10.7 mb old crop corn cancellation by China and the Black Sea Grain deal is extended another 60 days. KC wheat trades the Kansas Wheat Tour results. Livestock are mostly lower in consolidation mode, except feeders which are making new highs in the deferreds. Allison Thompson with The Money Farm has more.
Funds Sells in Grains with China Cancellation, Black Sea Grain Deal, HRW Trades Tour Results
Grains are mostly lower with fund selling on the China cancellation, Black Sea Grain deal. Wheat trades tour results. Livestock mostly lower in consolidation mode. Allison Thompson with The Money Farm has more.
May 17, 2023 09:35 AM
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DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
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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.
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