Geopolitical tensions between Russia and Ukraine gave the grain trade a boost today, with wheat leading the rally and dragging the rest of the complex higher. Markets are also watching Washington, after President Trump announced a new pick for Federal Reserve Chair — a move traders say could influence interest rates and ripple through agriculture.
Meanwhile in livestock, confidence returned to the cattle market after last week’s roller-coaster trade. And both beef and pork are expected to see strong retail movement as grocers work to refill meat cases — a supportive demand story as we move deeper into the holiday stretch.
