Soybeans and products lead gains adding Brazil weather premium, corn is reluctant follower with wheat making new lows on poor demand. Cattle end mixed and disappoint after the Cattle on Feed Report, and the second big up day in crude oil. Tommy Grisafi, Advance Trading, has analysis.
Soybeans Add Brazil Weather Premium, Corn a Reluctant Follower with Lower Wheat: Cattle Disappoint, Crude Oil Surges
Soybeans up adding Brazil weather premium, corn is reluctant follower with wheat making new lows on poor demand. Cattle disappoint after the COF Report, with crude oil surging. Tommy Grisafi, Advance Trading, has more.
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Rich Nelson, chief strategist for Allendale says row crops are pausing right now until the weather story is really decided, while wheat is concerned about rising tensions in the Black Sea region.
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