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Wheat Markets Spike with Falling Crop Conditions | Channel Final Bell with Ross Baldwin
Published 1 month ago
Description
As the crop condition ratings for hard red winter wheat continue to worsen, trade is waking up to the reality that recent rains may have been too late.
Corn futures were supported by wheat, and new crop levels are nearing $5.
Cattle continue to find fundamental support as packers will have to step it up to fill demand ahead of the summer grilling months.
Ross Baldwin with John Stewart and Associates recaps today's trade.