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
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Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
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