Wheat under pressure as inspections resume in the Black Sea and some rain chances in HRW areas. Corn and soybeans bounced off support with no China cancellations. Grains also see some WASDE positioning. At these prices should livestock producers get feed needs lined up? Nick Tsiolis, Farmer’s Keeper has details.
Wheat Down on Weather, Black Sea News While Corn and Beans Hold Support Ahead of WASDE
Wheat under pressure as inspections resume in the Black Sea and some rain chances in HRW areas. Corn and soybeans bounced off support with no China cancellations, WASDE positioning. Nick Tsiolis, Farmer’s Keeper.
May 10, 2023 09:57 AM
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DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
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Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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