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
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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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