France expects total grain production to fall 5.2% from last year, with corn production down 35%.
Less grain reaching the world market could reduce competition for U.S. corn and wheat and provide some support for export demand.
AgMarket.net market analyst Jacob Burks says Ukrainian attacks on Russian export infrastructure are beginning to have a greater impact on grain trade.
We saw Ukraine drone attacks attack the ports there in Russia that a significant amount of their export wheat comes out of wheat grain.
Over there has been a big factor with the EU and some of that demand not being satisfied with their own drought situation that they have there.
You've got the Black Sea region that has still continued to have battles that have been depleted.
I mean, they're hitting where it counts now.
They're hitting where the...
the ports and they're fighting economically through some of that.
So that has been a major factor.
We haven't seen that move the market since the thing first started.
And now they're getting pretty discreet there.
Burke says the livestock markets remain under pressure as weaker box beef values weigh on cash cattle trade.
Yeah, you're seeing significant moves in the cash.
I think a lot of this comes with the way we posted some bids around 230 yesterday in the cash.
They got passed.
but it feels like that show list is pretty heavy this week.
Cash is kind of trending a little bit lower, and we've just seen enough weakness here as we have just deteriorated the box B side on the demand.
It's allowed the Packers to kind of back this off a little bit.
France expects total grain production to fall 5.2% from last year, with corn production down 35%.
Less grain reaching the world market could reduce competition for U.S. corn and wheat and provide some support for export demand.
AgMarket.net market analyst Jacob Burks says Ukrainian attacks on Russian export infrastructure are beginning to have a greater impact on grain trade.
We saw Ukraine drone attacks attack the ports there in Russia that a significant amount of their export wheat comes out of wheat grain.
Over there has been a big factor with the EU and some of that demand not being satisfied with their own drought situation that they have there.
You've got the Black Sea region that has still continued to have battles that have been depleted.
I mean, they're hitting where it counts now.
They're hitting where the...
the ports and they're fighting economically through some of that.
So that has been a major factor.
We haven't seen that move the market since the thing first started.
And now they're getting pretty discreet there.
Burke says the livestock markets remain under pressure as weaker box beef values weigh on cash cattle trade.
Yeah, you're seeing significant moves in the cash.
I think a lot of this comes with the way we posted some bids around 230 yesterday in the cash.
They got passed.
but it feels like that show list is pretty heavy this week.
Cash is kind of trending a little bit lower, and we've just seen enough weakness here as we have just deteriorated the box B side on the demand.
It's allowed the Packers to kind of back this off a little bit.
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