Corn, Soybeans, Wheat & Crude Oil are all trading lower today due to lower demand outlooks as China expanded their Covid lockdown for the 4th straight week.
Turning to weather, hot and dry conditions in Brazil are creating drought risk. Looking at cold and wet conditions in the eastern corn belt, and hot and dry in the southern/western part, what does this mean for Corn & Soybeans?
Sign up for a 14-day, no-obligation free trial of our proprietary research with actionable ideas!
Free Trial Subscribe to our YouTube Channel
Email [email protected] or call 312-278-0500 with any questions -- our trade desk is here to help with anything on the board!
Futures trading involves a substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
Like this post? Share it below: