Markets start mixed on Wednesday awaiting news on the Russia Ukraine tensions and awaiting today’s Fed announcement on rates. Harvest has started and as it progresses what is happening to cash basis levels? Michelle Rook finds out with Nick Tsiolis of Farmer’s Keeper.
Markets Start Mixed Watching Black Sea Updates and Awaiting Fed Announcement
Markets start mixed on Wednesday awaiting Russia Ukraine developments and the Fed announcement. As harvest starts what is happening to cash basis levels? Michelle Rook talks to Nick Tsiolis of Farmer’s Keeper.
September 21, 2022 08:53 AM
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Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
The grain markets were sharply lower Thursday morning with soybeans seeing 30-cent losses on disappointment the China summit has not produced any agricultural purchase agreements.
Sam Hudson with Cornbelt Marketing says corn and soybeans were firmer on inflationary buying and optimism regarding the China summit. Cattle soared with higher cash.
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