Grain and livestock markets melted down on Tuesday with a risk off day due to end of the month profit taking and more movement on Russia allowing Ukrainian exports. Michelle Rook talked about the slide with John Heinberg of Total Farm Marketing.
Markets Melt Down on Tuesday
Grain and livestock markets melted down on Tuesday.
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Chip Nellinger of Blue Reef Agri-Marketing says the rally in soybeans is being driven by China demand and weather concerns.
The market has been supported by war, weather and China demand according to Bryan Doherty of Total Farm Marketing.
Randy Martinson of Martinson Ag says the winter wheat market was adding risk premium tied to the war which pulled up corn.
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