The WASDE showed only slight adjustments in demand but still confirmed the U.S. isn’t competitive and will need a big cut in yield to overcome that. The grains turned the focus to weather and soybeans followed the rally in soybean oil. Cattle ended mixed, with some recovery in the hogs. Jim McCormick of AgMarket.Net has details.
Grains Mixed on Weather, Poor Demand in WASDE, Beans Follow Rally in Soybean Oil: Livestock Try to Recover
The WASDE made only adjustments but confirmed the U.S. isn’t competitive. So, grains turned traded weather, beans rallied with soybean oil. Cattle and hogs tried to recover. Jim McCormick. AgMarket.Net.
June 09, 2023 03:18 PM
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