Grains end mostly higher on Friday except soybeans, but grains were down for the week taking out weather premium and with increasing Ukraine grain shipments and China concerns. There is still uncertainty about the size of the corn and soybean crop which will make the Pro Farmer Crop Tour widely watched. Live cattle pushed higher but nearby contacts haven’t made new contract highs despite higher cash. Meanwhile it was a big down week or the hogs as futures consolidate, despite the wide discount to the index. Michelle Rook breaks down the markets with Matt Bennett of AgMarket.Net.
Grains Mixed Friday, but Lower on the Week Taking out Weather Premium. Cattle Post Higher Weekly Closes, While Hogs Consolidate
Corn and wheat rebound on Friday, but it was a lower week for all the grains. Hogs consolidated, while cattle scored higher weekly closes. Michelle Rook talks with Matt Bennett of AgMarket.Net.
August 20, 2022 07:08 PM
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