Thursday, June 23, 2022

Agricultural Commodities: "heavy losses continue to mount"

From DTN Progressive Farmer:

Grains
Posted 10:41 -- At midmorning Thursday, heavy losses continue to mount and the commodity board has returned to mostly red with ongoing concerns about slowing economic activity around the world. July corn is down 25 1/2 cents and July soybeans are down 58 cents. December corn is down 40 cents and November soybeans are down 60 cents, both on track to finish below their 100-day averages for the first time this year. July soybean oil was up earlier but is now down 2.16 cents September KC wheat is down 31 cents. August crude oil is down $0.85 and Dow Jones futures are up 33 points. The U.S. Dollar Index is up 0.18 and August gold is down $1.50....

....MUCH MORE