Grains ended mostly higher on Friday positioning ahead of the holiday with July beans making a new contract high and scoring the highest weekly close on record on continued strong demand. Markets are still watching weather and planting progress, plus world events. Livestock futures ended mostly lower in the nearby contracts, although posting higher weekly closes. Michelle Rook talks to Alan Brugler of Brugler Marketing for analysis.
Grains Higher Livestock Leaning Lower Entering the Holiday
Grains ended mostly higher on Friday positioning ahead of the holiday.
May 27, 2022 05:04 PM
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Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
The grain markets were sharply lower Thursday morning with soybeans seeing 30-cent losses on disappointment the China summit has not produced any agricultural purchase agreements.
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