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After the Bell | April 19, 2022 Corn futures end lower after initial climb to 10-year highs; wheat down on profit-taking, soybeans mixed.
Corn futures top $8, soybeans and wheat also high on concern over Ukraine war, U.S. weather.
Short-term trend turns bullish for SRW wheat, soyoil.
Mortgage payments as percentage of income in U.S. highest since 2008
Corn futures posted contract highs overnight, with front-month May futures poking above $8.00 – the 2013 high on the continuation chart that was matched earlier this year. Wheat and soybean futures were also strong.
Russia warns U.S. to stop sending weapons to Ukraine or risk ‘unpredictable consequences’
Nearby corn ends near 10-year high amid strong exports, supply concern; soybeans mixed, wheat sinks on profit-taking.
Davis Michaelsen and Brian Grete discuss the market action in this holiday shortened week...
Disconnect between prices and production threatens to create a “volatility trap” in commodities and discourage investment in the sector, something that could threaten the supercycle.
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