A higher day in the commodity sector, with the exception of wheat. Corn rallied despite a lower day in wheat and a better than expected crop condition rating at 73% G/E, while wheat pulled back on profit taking and hope regarding Ukrainian exports. July soybeans finally closed above $17 and attracted technical buying but also got a push from the higher meal market. In the livestock sector cattle were supported by higher product values at noon after holding chart support and hogs also got a boost from the the rising cash market. Michelle Rook got the summary from Tomm Pfitzenmaier with Summit Commodity Brokerage.
Markets Higher Tuesday Except for Wheat
A higher day in the commodity sector, with the exception of wheat.
June 07, 2022 06:00 PM
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