Wheat rallies with Russia stopping exports out of a Ukrainian port. Corn follows, but is also putting in weather premium. Soybeans consolidate with products. Cattle also see profit taking with concerns about the debt ceiling talks. Kevin Duling with KD Investors has details.
Wheat Rallies as Ukraine Export Port Blocked, Corn Follows Putting in Weather Premium: Profit Taking in Soybeans and Cattle
Wheat rallies with Russia stopping exports out of a Ukrainian port. Corn follows but is also putting in weather premium. Soybeans and cattle see profit taking. Kevin Duling with KD Investors has details.
May 23, 2023 11:35 AM
Related Stories
DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
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.
Read Next
With summer patterns running four weeks behind schedule, meteorologist Don Day urges growers to plan in short windows for the second half of the growing season.
