Increase in on-farm storage and tight margins create volatility
According to a report atAgPro, grain elevators continue to face challenging financial positions.
Slow trade progress with China and other countries combined with interest rate hikes and numerous macroeconomic forces hurt grain merchandising margins, as well as these five factors:
Read the full report atAgPro.
US Corn Price Idx:ZCPAUS.CM
open: 7.1488
high: 7.3886
low: 7.0173
close: 7.0525
US Soybean Price Idx:ZSPAUS.CM
open: 15.7324
high: 16.5525
low: 15.3323
close: 15.3637
US Hard Red Winter Wheat Price Idx:KEPAUS.CM
open: 9.0002
高:9.0773
low: 8.5501
close: 8.6212
US Soft Red Winter Wheat Price Idx:ZWPAUS.CM
open: 8.1033
high: 8.308
low: 7.749
close: 7.8078
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