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Expanded Drought Drives Wheat Rally | Channel Final Bell with Mike Zuzulo
Published 1 month ago
Description
Seventy percent of winter wheat areas are now suffering from some form of drought, which rallied wheat futures.
Cattle trade was likely influenced by drought conditions as well, with spring time pastures being in question.
Soybeans were lower as the USDA opens up acreage surveys to more US farmers, hoping for higher response numbers for the June update.
Mike Zuzulo with Global Commodity Analytics recaps today's trade.