Grains mixed ahead of the WASDE Report, watching weather and outside markets. Livestock 2-sided. Cattle have worked in lower cash and hogs the Prop 12 reaction and are supported in the nearbys by higher cash and cutouts. Mike Zuzulo of Global Commodity Analytics has more about what he’s watching in the report today and how much of it is already baked into prices?
Grains Mixed Ahead of the WASDE, But How Much is Baked Into Prices?: Livestock 2-Sided Digesting Cash and Cutouts
Grains mixed ahead of the WASDE Report. What should we watch for and how much is baked into prices? Livestock 2-sided. Cattle have worked in lower cash, hogs Prop 12. Mike Zuzulo of Global Commodity Analytics.
May 12, 2023 09:42 AM
Related Stories
Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
Read Next
Some of the easier entry points for corn and soybean farmers looking to capture higher returns can deliver $200 or more per acre.
