Overall, we saw a choppy day on Thursday as the U.S. dollar hit 19 year highs and that acted as a weight on commodity markets. Corn again scored a new contract high before trading lower and all three wheat markets showed early strength before fading. Soybeans and meal sold off sharply, led by spot May soybeans ahead of first notice day on Friday, while bean oil shook off early weakness to again set a new high. The livestock markets were mixed with live cattle lower while feeder cattle and hogs were mixed to higher.
Farm and Ranch Director Jesse Allen has our closing report: https://lightningstream.com/ajax/GetODFile.ashx?call=MIDWEST&fileid=1406
And, more analysis with Bryan Doherty of Total Farm Marketing and Jesse Allen on today’s Market Talk below: