The wheat markets continued to slip lower Wednesday as hot and dry weather in the Southern Plains allowed an acceleration of harvest. Soybeans, on the heels of a sharp drop in both export and domestic soy basis, leaked lower on spot July. Corn went the opposite way, with spot July very firm. We also a strong cattle market and decent strength in lean hogs on Wednesday.
Farm Broadcaster Richard Ristvedt has our closing report: https://lightningstream.com/ajax/GetODFile.ashx?call=MIDWEST&fileid=1406
Also, more analysis with Mike Zuzolo of Global Commodity Analytics and Jesse Allen on today’s Market Talk below: