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
The grain markets saw an ugly October with huge losses on fund selling. Brian Grete with CommStock Investments says he’s not sure if the fund selling is done.
Scott Varilek with Kooima Kooima Varilek says the cattle futures rally out of the report was disappointing and did not last long indicating a possible exhaustion on the charts.
Shawn Hackett of Hackett Financial Advisors says with wheat falling nearly $2 off the Sept. 2 contract highs, it isn’t a surprise that China and other buyers would see it as an opportunity to buy.
Read Next
With the lame-duck session looming, lawmakers scramble to mend a divided Ag Committee over SNAP funding as insiders predict another extension.
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.
