Wheat is seeing profit taking despite slow spring wheat planting and a poor winter wheat crop rating. Corn and soybeans are quiet with spread trade and waiting for verification of the cold wet forecast ahead. Soybeans have also see support from a rally in bean oil and lower Argentina crop estimates. Some profit taking in live cattle awaiting cash direction with feeders supported by higher cash. Randy Martinson of Martinson Ag has more.
Wheat Consolidates, with Row Crops Trying to Hold Gains on Weather, Demand, Bean Oil Rally: Live Cattle Consolidate
Wheat sets back on profit taking, with corn & beans trying to hold watching weather, seeing spread trade. Live cattle are consolidating, while feeders are supported by strong cash. Randy Martinson of Martinson Ag.
April 18, 2023 11:48 AM
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Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
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