Markets Now Special: Meteorologist Eric Snodgrass says recent storms improve drought outlook and Mississippi River water levels. Plus, Brazil rains return in the extended forecast.
Markets Now Special: Eric Snodgrass says Recent Storms Improve Drought Outlook, Brazil Rains Return
Markets Now Special: Meteorologist Eric Snodgrass says recent storms improve drought outlook and Mississippi River water levels. Plus, Brazil rains in extended forecast.
January 18, 2024 05:33 PM
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Mark Schultz of Northstar Commodity says grain markets also saw some position squaring by traders heading into a three-day weekend as the markets are closed on Friday for Juneteenth.
Cattle futures were lower early Thursday seeing some profit taking after some technical chart breakouts this week, but also positioning ahead of the holiday.
Soybeans ended higher as rumored export business was confirmed by USDA with a flash sale of 13.7 million bu. to unknown destinations. However, China was also looking for corn and wheat.
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After waiting months for much-needed moisture, heavy rainfall is turning early-summer fieldwork into a high-stakes scramble for some Midwest farmers.
