It was another strong day in the ag commodities on Wednesday as we saw continued follow through from Tuesday’s trade. Weather in South America, geo-political factors along with a seemingly unquenchable thirst for cash HRW wheat and cash soybean meal helping drive ags higher. Demand for corn is also doing well, thanks to strong ethanol demand. Livestock reaped the rewards again as well with solid moves higher in both hogs and cattle on Wednesday.
We discuss all of this with Mike Zuzolo from Global Commodity Analytics. Learn more at www.globalcommresearch.com.