Even the wheat market struggles to pull grains higher, despite global challenges. While up days are desirable, constant upward movement isn’t always sustainable. Frost worries in Australia are impacting wheat production, while drought in South America continues to hinder crop growth. Add in the disruptions from ongoing port strikes and the escalating conflict in the Middle East, and the economic picture becomes more complicated. All of these factors tie back to the livestock sector, where feed costs and market volatility are directly influenced by global events, creating an uncertain environment for producers.
Thursday Channel Final Bell with Mike Zuzolo with Global Commodity Analytics | 10/03/24
