Grain futures on retreat ahead of the weekend

Grain futures were lowermost the session especially ahead of Pres. Biden's visit with Chinese President Xi via phone this morning. In the end, not much trade was discussed, but many are concerned about tensions building between China and the US over the Russian/Ukrainian conflict.

Heartland Market Talk
Heartland Market Talk
Grain futures on retreat ahead of the weekend
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In today's Heartland Market Talk, we review the action on the session and how wheat futures are also concerned with the upcoming rain event next week that may or may not bring helpful moisture to the dry portions of the Texas/Oklahoma Panhandle. Also rising concern that Ukraine will have difficulties getting its corn crop planted in the weeks to come, as the Russian army is stealing fuel from farmers as they roll through the countryside. This has new crop December corn higher on the session will everything is lower.

Commodities, futures and options trading involves financial risk and should be considered carefully before making any trades. The information contained on this site is taken from sources, which we believe to be reliable, but is not guaranteed by us as to accuracy or completeness and is provided to you for information purposes only.

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