Following early week gains which amounted to over 50 cents per bushel for both Chicago and Kansas City wheat, all three wheat markets corrected on Wednesday. Corn futures hovered close to unchanged early but closed with solid gains. The entire soy complex rose sharply, with spot soybeans reaching the highest level since June 7 and bean oil nearing the recent high. Meantime, we saw cattle find some support while hogs chopped sideways on the session Wednesday.
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 Mike Zuzolo of Global Commodity Analytics on today’s Market Talk:
https://open.spotify.com/episode/5ZS7TaGbpPVboJWkRErZY1?si=a91eSPUkRNy4yAnJWRFmZA
