Following is the latest Palmer Drought Index:
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Palmer Drought Index: Some Progress, Much More Needed
Much more progress ahead to rid Midwest of drought conditions.
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Oliver Sloup with Blue Line Futures says grain markets were trying to divorce from the war headlines and crude oil the last few weeks but now are right back trading with the energy moves.
Greg McBride of Allendale, says grains markets saw profit taking, also saw some farmer selling and hedge pressure on Tuesday.
Grain markets were all lower to start Tuesday seeing some routine profit taking after hitting new highs for the move and even some new contract highs in parts of the corn and soybean complex, according to Brady Huck with Empower Ag Trading.
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