Tomm Pfitzenmaier, Summit Commodity Brokerage, says grains rallied on weather and the drop in crop ratings and subsoil moisture. The markets pushed through chart resistance and could see continued buying.
Grains Put in Weather Premium on Drop in Crop Ratings, Post Strong Technical Close
Tomm Pfitzenmaier, Summit Commodity Brokerage, says grains rallied on weather and the drop in crop ratings and subsoil moisture. The markets pushed through chart resistance and could see continued buying.
June 22, 2023 10:24 AM
Related Stories
Prospects for peace weigh on wheat, corn and energy prices as president addresses geopolitical tensions ahead of China summit.
President Trump was scheduled to speak at the U.N General Assembly Tuesday morning and there was hope for peace to the wars in Iran and the Black Sea according to Lane Akre, economist with Pro Farmer.
The grains in particular were supported by news of positive meetings over the weekend between Treasury Secretary Scott Bessent and his Chinese counterpart says Arlan Suderman of StoneX.
Read Next
“Our story should scare people to the core, because it’s one of the biggest assaults on freedom and the Constitution that you’ll never hear the plain facts about,” says Steve Porter.
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.
