Markets add geopolitical premium with Israeli conflict in energies and wheat, but its price negative for meats. Corn and beans also see harvest pressure and report positioning. Kent Beadle, Paradigm Futures, has more.
Israel Attacks Drive Oil and Wheat Higher, Meats Lower: Corn and Soybean See Harvest Pressure and Report Squaring
Markets add geopolitical premium with Israeli conflict in energies and wheat, but its price negative for meats. Corn and beans also see harvest pressure and report positioning. Kent Beadle, Paradigm Futures, has more.
October 09, 2023 11:34 AM
Related Stories
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.
Sam Hudson of Corn Belt Marketing says funds sold the early bounce in grain markets with no bullish story.
After a down day on Tuesday the grain markets were higher early Wednesday a result of short covering according to Lane Akre, economist with Pro Farmer. However, he thinks the market has also taken out too much weather premium.
Read Next
The Feikemas use cattle and hog waste to fuel 7,000 crop acres, eliminate insecticides and even guide land purchase decisions.
