Overall, it was a mixed day in the ag markets on Friday. Soymeal had a strong day while soy oil faded following crude oil lower. Soybeans still found support though to lead grains on the day. Corn remained firm as we continue to fight overhead resistance at $6.00 while wheat was mixed as we continue to asses damage in the Plains. Livestock markets were lethargic at best on Friday.
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 Market Talk below:
https://open.spotify.com/episode/2HBxvDP0DkZCV075nwpdjD?si=Jukt5DmDTgiW3ETt1hE18Q
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