Grains mixed still trading weather and positioning ahead of the WASDE. Soybeans are up, while corn sees profit taking and a drag from lower wheat as talks resume on Black Sea Grain deal. Live cattle make all-time highs again with some cash up to $300 yesterday in the north. Hogs consolidate after a big up day yesterday. Mark Schultz, Northstar Commodity has details.
Grains Mixed on Weather, WASDE, Black Sea Grain Deal Talks: All-Time Highs Continue in Cattle with Cash up to $300
Grains mixed on weather, pre-WASDE squaring & talks resuming on Black Sea Grain deal. Live cattle make all-time highs again with cash up to $300. Hogs consolidate. Mark Schultz, Northstar Commodity.
June 07, 2023 09:21 AM
Related Stories
Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
Read Next
Farmers in parts of the High Plains and Southeast need a break from relentless drought, while nationwide planting progress is outpacing the five-year average.
