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
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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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