Wheat and corn closed higher on Black Sea export concerns and putting in weather premium. Soybeans set back with lower meal and profit taking. Cattle saw more profit taking and hedge pressure, with more contract lows in the hogs. Kent Beadle with Paradigm Futures has analysis.
Wheat and Corn Up on Black Sea Export Concerns and Weather, Beans and Cattle Consolidate
Wheat and corn closed higher on Black Sea export concerns and putting in weather premium. Soybeans and cattle were hit by profit taking, with more contract lows in hogs. Kent Beadle, Paradigm Futures.
May 23, 2023 02:40 PM
Related Stories
Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
Read Next
Some of the easier entry points for corn and soybean farmers looking to capture higher returns can deliver $200 or more per acre.
