Grains sharply higher with hot dry weather and Russia attacking a Ukraine grain facility on the Danube River. Plus China bought 4.4 mb of U.S. new crop soybeans. Cattle set back with higher corn and sorting through the Cattle on Feed and Cattle Inventory reports. Hogs open higher, then turn mixed. Tomm Pfitzenmaier, Summit Commodity Brokerage has more.
Grains Sharply Higher Adding More War and Weather Premium: Cattle Set Back in Response, Plus Digest USDA Data
Grains sharply higher putting in war and weather premium & w/China soybean biz. Cattle set back with higher corn and sorting through USDA data. Hogs mixed. Tomm Pfitzenmaier, Summit Commodity Brokerage has more.
July 24, 2023 02:02 PM
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.
