Show Notes
Wheat leads higher on China interest and strong export sales; wet weather heading to central plains and Midwest; forecasts looking at dryness returning to northern Brazil's soybean region; ERS releases Farm Expenses report; cattle futures continue their slide; new cash reporting system sees wide price variations; boxed beef lower; cash feeders higher; beef export sales decline.
More from Spectrum Commodities Wheat & Cattle Markets Analysis
Wheat and soybeans continue lower while corn finds buying; reports Russia is sending a grain vessel through Kerch Strait with a military escort; more rain headed to US southern plains; northern Brazil forecast brings dryness back; cattle futures under pressure while the cash market moves higher; boxed beef lower; cash feeders slightly higher; disruptions to normal placements and marketing expected to create market opportunities.
Soybeans continue to drag grains lower; EU, Ukraine and Russia export updates; Argentina production and export updates; cattle futures mostly higher; cash lower; boxed beef higher; cash feeders higher; another port of entry opens on the Mexican border.
Grains weaker on soybean selling; corn harvest lagging in western Midwest; update on Russian wheat exports; cattle futures struggle to hold gains after bullish Cattle-on-Feed report; cash markets higher; boxed beef higher; cash feeders lower; weekly cash update.
Grain space under pressure from active harvest and hopeful progress in Black Sea war; Southern Hemisphere wheat harvest underway; Commitment-of-Traders reports shows long liquidation; world FOB update; cattle futures hold strong; cash reporting quiet; boxed beef mixed; cash feeders firm; Cattle-on-Feed report shows large drop in placements and more evidence of heifer retention.
Lower wheat drags corn down, soybeans find buyers; export sales light for wheat but solid for corn and soybeans; active harvest weekend ahead; South American weather mostly good for row crop seeding; Southern Hemisphere winter wheat harvest underway; USDA announces grants for domestic fertilizer production; cattle futures mostly lower; cash quiet; boxed beef lower with cash feeders higher; solid export sales; Cattle-on-Feed today.