Lifting them up! ๐Ÿ†™

swine o'clock Jan 13, 2023

๐Ÿ’ธ Halfway through this week, in the grain markets, a modest amount of short-covering occurred, which lifted prices to various degrees:

     • Corn prices benefited from some light technical buying that lifted prices by 0.25%. 

     • Soybean prices moved moderately higher as traders remain somewhat focused on the drought in Argentina while waiting for fresh USDA supply and demand data.

     • Wheat prices saw gains of as much as 1.25%, after traders engaged in some technical buying and short-covering.

๐Ÿ” This was just a summary… You can find the whole thing here.