Wheat reverses as a drone strike on the Kremlin put the Black Sea grain deal in question, that pulls corn and beans off their lows. Cattle see pressure ahead of the Fed announcement and with lower products and cash at $172/$281. If the Fed takes a pause will specs come back into the commodity sector? Dave Chatterton with Strategic Farm Marketing has more.
Wheat Rallies After Drone Strike on Kremlin, Pulls Corn and Beans Off Lows: Cattle Down Ahead of FOMC News and Lower Cash
Wheat reverses as a drone strike on the Kremlin puts the Black Sea grain deal in question, pulling corn & beans off the lows. Cattle down ahead of Fed decision w/lower cash. Dave Chatterton, Strategic Farm Marketing.
May 03, 2023 11:29 AM
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.
