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There's a good chance we're seeing grain market highs now.

Authors :
Clark, Marlin
Source :
Farm & Dairy; 5/30/2024, Vol. 110 Issue 37, pA6-A6, 2/3p
Publication Year :
2024

Abstract

The article discusses the current state of the grain market, particularly focusing on wheat, corn, and soybeans. Production problems in Russia, including drought and frost damage, have led to a rally in wheat prices. Corn prices have also seen a slight increase due to a rain pattern in southern Brazil that is negatively impacting corn crops. Soybeans have experienced significant gains in the past three months. However, it is noted that managed money traders have started to short the market again, indicating a belief in lower prices. The article also provides cash prices for various grains and feeds. Overall, the author suggests that the current highs in the grain market may be temporary and influenced by foreign production events. [Extracted from the article]

Details

Language :
English
ISSN :
00147826
Volume :
110
Issue :
37
Database :
Complementary Index
Journal :
Farm & Dairy
Publication Type :
Periodical
Accession number :
178038680