Soybeans up adding Brazil wx premium and with fresh export biz, corn is trying to follow while wheat is seeing profit taking. Cattle drift still trying to find a bottom and watching the list of economic data out this week. Allison Thompson, joins us from The Money Farm.
Soybeans Up on Brazil Weather, Export Biz but Corn and Wheat See Profit Taking: Cattle Still Trying to Bottom
Soybeans add Brazil wx premium with fresh export biz, corn tries to follow but falls with wheat on profit taking. Cattle drift still trying to find a bottom. Allison Thompson, joins us from The Money Farm.
December 11, 2023 09:16 AM
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Wheat futures were up 30 to 35 cents early Wednesday adding risk premium as Russia and Ukraine attacks have escalated says Jamie Gieseke with Paradigm Futures.
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.
Kevin Duling with KD Investors says corn and soybeans eased with a 1% improvement in ratings, while the weather is moderating.
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