Grains ended lower on Wednesday, initially reacting to news Russia was considering allow Ukrainian food exports, but with conditions. However, markets rebounded off their lows. Livestock futures could not hold on to early gains despite the lower grains. Michelle Rook has the analysis of the day with Rich Nelson of Allendale.
Markets Lower But Rebound Off Lows, Livestock Mixed
Grains slid again on Wednesday, but ended off lows. Livestock faded early gains.
May 25, 2022 02:32 PM
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Sam Hudson of Corn Belt Marketing says the grain rally on Wednesday was impressive but ran out of steam.
Kyle Bumsted of Allendale says corn was taking a breather after 20 cent report gains on Wednesday. Cattle and hogs were down hard.
Dave Chatterton of Strategic Farm Marketing says USDA provided some positive data for the corn market in the WASDE and could be headed for $5.
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