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Barchart analyst Darin Newsom discusses the recent slide in soybean, corn and wheat prices, attributing it to commercial selling, basis weakness and limited cash demand ahead of harvest. He also touches on weather, cattle, hogs and interest rates.
Weak basis and thin cash demand signal soft near-term grain prices, which benefits feed buyers purchasing into harvest.
barchart.comDarin NewsomAug 31, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
