Grains mostly higher as the markets try to assess the weekend rains and forecast ahead, plus upcoming crop ratings and reports. Wheat is seeing short covering, but political uncertainty in Russia over the weekend with the Wagner Group is also supportive. Cattle set back after the COF with lower beef and cash values. Hogs see fund buying with stronger fundamentals. Outside markets are mixed. Darin Newsom with Barchart has more.
Grains Mostly Higher Assessing Rains, Wx, Russia Political Uncertainty: Cattle Lower After COF, Hogs Follow Index Higher
Grains mostly higher except Dec corn assessing rains, Russia headlines. Cattle set back after COF and lower cash and beef last week, hogs strong. Outside markets quiet. Darin Newsom covers it all.
June 26, 2023 09:11 AM
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Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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