Grains are higher putting in war premium with the Black Sea Grain Initiative uncertain, but wheat is pricing in crop concerns with the wheat tour in Kansas this week and more rain in spring wheat areas. Corn and soybeans are following. Live cattle are consolidating after a higher week, while feeders and hogs are strong. Randy Martinson, Martinson Ag has details.
Grains Rally on Black Sea Grain Deal Uncertainty and Crop Concerns on Wheat: LC Consolidate, Feeder and Hogs Up
Grains up putting in war premium w/the Black Sea Grain deal uncertain, but wheat is pricing in crop concerns. LC consolidate after a higher week, feeders and hogs strong. Randy Martinson, Martinson Ag. has details.
May 15, 2023 09:08 AM
Related Stories
DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
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.
Read Next
With summer patterns running four weeks behind schedule, meteorologist Don Day urges growers to plan in short windows for the second half of the growing season.
