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There's a good chance we're seeing grain market highs now.
- 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]
- Subjects :
- GRAIN marketing
COMMODITY futures
FUTURES market
FUTURES sales & prices
PRICES
Subjects
Details
- Language :
- English
- ISSN :
- 00147826
- Volume :
- 110
- Issue :
- 37
- Database :
- Complementary Index
- Journal :
- Farm & Dairy
- Publication Type :
- Periodical
- Accession number :
- 178038680