Corn and soybeans end higher on weather and yield concerns after the Pro Farmer crop estimates and with new export biz. Wheat sells off ahead of first notice day. Cotton also struggles, but livestock stage a strong rally. John Payne, Hedge Point Global Markets breaks it down.
Row Crops Higher on Weather & Yield Concerns, Wheat and Cotton Struggle, While Livestock End Strong
Row crops up on weather, yield concerns and with new export biz. Wheat sells off ahead of first notice day. Cotton also struggles, but livestock stage a strong rally. John Payne, Hedge Point Global Markets has more.
August 28, 2023 03:07 PM
Related Stories
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
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.
Read Next
Farmers in parts of the High Plains and Southeast need a break from relentless drought, while nationwide planting progress is outpacing the five-year average.
