Show Notes
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.
More from Spectrum Commodities Wheat & Cattle Markets Analysis
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.
Wheat continues under pressure while corn and soybeans hold support; FOB basis gets a bump; Egypt buys non-Russian wheat; more rain headed to southern plains; cattle futures higher; cash quiet; boxed beef lower; USDA to re-open two more ports of entry on Mexican border; UDSA announcement to aggregate cash prices from 5 states to restore price transparency met with mixed reviews.
Grain space continued lower; China buys more US soybeans; USDA announces diesel fuel subsidy; NATO increases security on the eastern flank after Russia attacks vessels, US envoy again in Russia for peace talks; France updates corn production estimate; cattle futures higher while cash stays quiet; boxed beef higher; cash feeders higher.
Grain space sees more selling, stalling at support levels; good weather looks to advance harvest; seasonal outlook; cattle mixed for the day; cash firm; boxed beef mixed; cash feeders lower; weekly cash summary; holiday wholesale beef buying underway.