On Friday, we saw soybeans, soybean oil, soybean meal, cotton and crude oil all strong on the rumors that the Chinese economy could be opening up more as they move away from their zero Covid policy and rhetoric. Wheat found a little support as the U.S. dollar was weaker and corn did a whole lot of nothing. Livestock trade was also fairly choppy.
Farm and Ranch Director Jesse Allen has our closing report: https://lightningstream.com/ajax/GetODFile.ashx?call=MIDWEST&fileid=1406
Also, more analysis with Ted Seifried of Zaner Ag Hedge and a conversation with CHS President and CEO Jay Debertin on today’s Market Talk: