Wheat markets were the star of the show once again on Friday. December Chicago wheat closed up 29 3/4 cents and December KC wheat was up 27 3/4 cents, the percentage leaders among Friday’s grain contracts with a second day of support from Thursday’s bullish USDA estimates. November soybeans fell 9 1/2 cents to their lowest close in six months. Corn had a moderately higher day. Livestock trade was mixed on the session as hogs wrapped up a strong week.
Farm and Ranch Director Jesse Allen has our closing report: https://lightningstream.com/ajax/GetODFile.ashx?call=MIDWEST&fileid=1406
Also, more analysis with Jesse Allen and Ted Seifried of Zaner Ag Hedge on today’s episode of Market Talk below:
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