Grains lean higher with beans hitting new contract highs in August on strong demand, China export biz, expanding drought. Will soybeans be able to hold up corn and wheat? Cattle 2-sided watching corn and awaiting cash, while hogs are still seeing seasonal strength with strong cutouts and China hopes. Mike Zuzulo, Global Commodity Analytics has more.
Grains Mostly Higher as Soybeans Lead on Demand, China Biz, Drought Expansion: Cattle 2-Sided Awaiting Cash, Hogs Higher
Old crop beans hit contract highs on China export biz, expanding drought. Corn & wheat try to follow. Cattle 2-sided, while hogs see seasonal strength. Mike Zuzulo, Global Commodity Analytics has more.
July 27, 2023 09:27 AM
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