On Wednesday, wheat scores a key reversal after a drone strike at the Kremlin, which pulls corn and soybeans back higher as well. Will this bottom the grain markets? Will the Fed pause further interest rate increases to signal specs to get back into commodities? Plus, how much more will cattle correct? Ted Seifried of Zaner Ag Hedge has the answers.
Grains Reverse on Russia War News, But Is It the Bottom?
A key reversal in wheat after a drone strike at the Kremlin pulls corn and soybeans higher as well. AgDay’s Michelle Rook chats with Ted Seifried about the headlines and the market response.
May 03, 2023 03:08 PM
Related Stories
Shawn Hackett with Hackett Financial Advisors says wheat has been leading the grains higher and how long the rally can be sustained is dependent on how long the Black Sea export slowdown lasts.
Scott Varilek of Kooima Kooima Varilek says everybody’s looking for the bottom in the cattle market and wants to know if it is close.
Garrett Toay with AgTraderTalk says after the big rally to start the week the grain markets saw some profit taking and corrective selling.
Read Next
New state restrictions and a proposed AFIDA overhaul could reshape land deals, reporting, and due diligence for farmers.
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.
