Grain mixed early with soybeans setting back despite new highs in meal again. So is the market losing momentum? Corn basis strongest in 20 years so what does that mean for marketing? Cotton and cattle higher. Darin Newsome, Sr. Market Analyst for Barchart has details.
Grains Mixed with Soybean Setting Back Despite New Highs in Meal: Cattle and Cotton Higher
Grain mixed early with soybeans down despite new highs in meal again. Corn basis strongest in 20 years so what does that mean for marketing? Cotton and cattle higher. Darin Newsome, Barchart Sr. Market Analyst
December 09, 2022 09:06 AM
Related Stories
Garrett Toay with AgTraderTalk says after the big rally to start the week the grain markets saw some profit taking and corrective selling.
DuWayne Bosse of Bolt Marketing says the wheat market was trying to extend gains early Thursday but may be getting close to pricing the Black Sea export disruptions in.
Oliver Sloup Blue Line Futures, says wheat prices skyrocketed adding risk premium on concerns about the escalating Black Sea war and the disruptions it is causing in the export market. It could have more upside left.
Read Next
New state restrictions and a proposed AFIDA overhaul could reshape land deals, reporting, and due diligence for farmers.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
