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Wheat saw relative strength today while most of the grain and soy complex saw selling pressure. Cattle bounced ahead of today’s Cattle on Feed Report.
Wheat saw relative strength today while most of the grain and soy complex saw weakness.
Cattle futures posted corrective strength today while hog futures continue to undergo persistent selling pressure.
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Understanding price swings through supply and demand dynamics
While net corn sales slid modestly during the week ended Feb. 13, weekly exports totaled 1.61 MMT. Mexico, Japan and South Korea were top destinations.
Corn and soybeans traded in tight ranges near unchanged overnight while wheat favored the upside, negating most of yesterday’s weakness.