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The ADM Investor Services monthly overview says soybean and corn futures trended higher after the December USDA report on concerns about Argentine weather. Wheat fell on lower Russian prices and an extended Ukrainian export corridor.
Live cattle rose in November on seasonal beef demand, while lean hogs declined.
Argentine weather concerns are supporting grain and oilseed prices, while Black Sea supply eases wheat. Feed buyers should watch cattle and hog trends for protein demand.
admis.comADMIS Research TeamDec 16, 2022Not 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.
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.
