After the Bell
Corn held on to corrective gains while soybeans and wheat turned lower. Cotton powered to yearly highs. Cattle faced losses while hogs showed relative strength.
A rising U.S. dollar index pressured crop and hog markets today, though cattle showed relative strength.
Corn and soybeans succumbed to selling pressure while hogs and cotton outperformed to the upside on Wednesday.
Weakness was seen across ag markets today despite the overall “risk-on” tone in the marketplace.
Markets saw upside for the most part today, led by soybean strength. Wheat and cotton struggled to maintain spillover strength.
Mixed action in the grains today with soybeans leading strength, corn closing roughly flat and wheat leading losses.
After the Bell | August 23, 2023 Grain and soy complexes ended on a high note amid weakness in the U.S. dollar and escalating tensions between Russia and Ukraine.