A risk off day in grains w/rains falling and more in the forecast. That’s trumping new port attacks on the Danube River. What’s that mean for basis levels and livestock producers? Cattle and hogs also consolidate, despite lower feed prices. Nick Tsiolis, Farmers Keeper has more.
Risk Off Day in Grains on Weather, Trumps New Ukraine Port Attacks: What’s That Mean for Basis?
A risk off day in grains w/rains falling and more in the forecast. That’s trumping new port attacks on the Danube River. What’s that mean for basis levels? Cattle consolidate. Nick Tsiolis, Farmers Keeper has more.
August 02, 2023 09:12 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.
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