Corn and wheat see end of year profit taking and surging COVID cases in China, while soybeans are higher supported by SA weather. Cattle are up with lower corn and weather supportive, while hogs also see profit taking. Randy Martinson of Martinson Ag has details.
Grains Mostly Lower Except Soybeans, Livestock Mixed: on End of Year Positioning. Weather, China COVID Cases
Corn, wheat see EOY profit taking on China COVID #s, soybeans up on SA weather. Cattle higher with lower corn & weather supportive, while hogs also see profit taking. Randy Martinson of Martinson Ag has details.
December 29, 2022 08:58 AM
Related Stories
Garrett Toay with AgTraderTalk says after the big rally to start the week the grain markets saw some profit taking and corrective selling.
DuWayne Bosse of Bolt Marketing says the wheat market was trying to extend gains early Thursday but may be getting close to pricing the Black Sea export disruptions in.
Oliver Sloup Blue Line Futures, says wheat prices skyrocketed adding risk premium on concerns about the escalating Black Sea war and the disruptions it is causing in the export market. It could have more upside left.
Read Next
In a seismic ruling, the Pennsylvania Supreme Court ruled that wildlife officers may not enter private land without probable cause.
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.
