Grains start higher then turn mixed watching weather, outside markets like crude oil and squaring ahead of the WASDE. However, what are cash basis levels doing on grain? Cattle break to new highs again still chasing cash and maybe a hedging opportunity. Nick Tsiolis, Farmer’s Keeper has more.
Grains Turn Mixed Trading Weather, Outside Markets, WASDE Positioning: What are Cash Basis Levels Doing?
Grains start higher then turn mixed watching weather, the $, crude oil and squaring ahead of the WASDE. However, what are cash basis levels doing on grain? Cattle make new highs. Nick Tsiolis, Farmer’s Keeper.
June 05, 2023 09:20 AM
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Oliver Sloup Blue Line Futures, says wheat prices skyrocketed adding risk premium on concerns about the escalating Black Sea war and the disruptions it is causing in the export market. It could have more upside left.
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