Grains ended mixed on Friday with corn and beans lower still removing South American weather premium, while wheat saw some short covering. Soybeans and wheat were lower for the week, while corn was nearly flat. Livestock ended higher on Friday with some end of week short covering, but still posted lower weekly closes after disappointing cash. Arlan Suderman of StoneX Group has analysis.
Livestock and Wheat Close Higher Friday on Short Covering: Corn and Beans Lower on Improved SA Weather
Corn and beans lower Friday removing SA weather premium, while wheat saw some short covering. Livestock ended higher on Friday with some end of week short covering. Arlan Suderman of StoneX Group has analysis.
January 20, 2023 01:58 PM
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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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