Rumors were confirmed this week with reports of China canceling some U.S. wheat purchases, adding pressure to the wheat market just as weather concerns build in key growing regions where questions remain about proper crop dormancy, but also adding to the worries about possible bean cancelations. Corn continues to stand out with solid demand providing underlying support. Livestock markets moved lower again, leaving traders questioning whether grains are influencing the downturn or if added pressure is coming from positioning ahead of Friday’s Cattle on Feed report.
Wednesday Market Wrap Up with Arlan Suderman with StoneX
