The agreement allowing Ukraine grain shipments to resume is having an impact on commodity markets.
John Heinberg with Total Farm Marketing tells Brownfield, “It’s definitely having some impact on that wheat market today so that’s part of it, and that’s spilling over into corn. It’s a good day in the bean market. We finally got some reversal action there, but wheat is pushing thirty down and hasn’t put a new low in yet but it’s sure trying.”
Heinberg says today will be a key day on the grain markets but, “I’m not sure it’s going to do anything.