Grains end mixed after a neutral to slightly bearish WASDE compared to expectations and with South American production already factored in. So when will USDA factor in the tighter grains stocks for corn and beans indicated by the strong cash basis and prices? Cattle score more contract and record highs and we’re not even into the tightest numbers. Hogs continue to be held back by cash which can’t find a bottom. Brian Grete with Pro Farmer has details.
Grains Mixed After WASDE Shows Ending Stocks Above Expectations: Cattle Make More New Highs, Hogs Fail
Grains mixed after a neutral to slightly bearish WASDE vs. expectations & w/South American production already factored in. Cattle score more record highs, while hogs are held back by cash. Brian Grete, Pro Farmer.
April 11, 2023 02:23 PM
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