Markets end mixed on Wednesday. Grains started off strong with wheat leading on news Putin wanted to redo the Ukraine export deal. Corn followed but ran into chart resistance and saw profit taking, plus lower crude oil weigh on the market. Soybeans continued to slide on big crop prospects and the hangover of the Argentina soy currency play. Cattle also saw profit taking, while hogs were up for the third day on short covering. Michelle Rook has details with Bryan Doherty of Total Farm Marketing.
Mixed Closes with Wheat Higher on Ukraine Grain Deal Change, but Corn and Cattle See Profit Taking
Grain and livestock markets end mixed on Wednesday. Michelle Rook has details with Bryan Doherty of Total Farm Marketing.
September 07, 2022 02:31 PM
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