Grains end higher after the WASDE and only slight domestic balance sheets changes. USDA and the RGE were more aggressive on Argentina cuts but most of it is priced in. Wheat saw short covering on geopolitical concerns as Putin says he’s unhappy with the export corridor. Hogs bounced with higher cash and cutouts, while cattle consolidated awaiting cash. John Heinberg of Total Farm Marketing has more.
Grains Higher After WASDE, Argentina Cuts, with Wheat up on Short Covering: Live Cattle Consolidate Under Contract Highs
Grains up after minor U.S. changes in WASDE. RGE cuts Argentina crops, but may be priced in. Wheat saw short covering, while hogs bounced and consolidated. John Heinberg of Total Farm Marketing. has details.
February 08, 2023 02:23 PM
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