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Grains end lower on Tuesday with continued consolidation and risk off selling from outside markets. The dollar was up with concerns about interest rates staying higher for longer and the stock indicies were also lower on that and the escalation of the conflict between Isreal and Iran. Weather in the U.S. and Brazil, with some recent rains and more in the forecast, also seemed to be a bearish factor. As well as winter wheat ratings being well above a year ago. Cattle recovered after the Monday meltdown on a human case of HPAI but how much can it recover? And hogs consolidated after June made new contract highs. Vince Boddicker, Farmer Trading Company, has analysis.
See omnystudio.com/listener for privacy information.
By Michelle RookGrains end lower on Tuesday with continued consolidation and risk off selling from outside markets. The dollar was up with concerns about interest rates staying higher for longer and the stock indicies were also lower on that and the escalation of the conflict between Isreal and Iran. Weather in the U.S. and Brazil, with some recent rains and more in the forecast, also seemed to be a bearish factor. As well as winter wheat ratings being well above a year ago. Cattle recovered after the Monday meltdown on a human case of HPAI but how much can it recover? And hogs consolidated after June made new contract highs. Vince Boddicker, Farmer Trading Company, has analysis.
See omnystudio.com/listener for privacy information.

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