Grains See Moderate Losses on The Week, Cattle Keeps an Eye on Weather March 3, 2023
There is a quiet discussion in the trade about next week's weather. Up to 4 inches of water equivalent moisture will be coming on Thursday. Combined with one last cold spell before spring this could be a snow event. As a reminder, our focus with snows is specifically with feedlot regions in the Plains (TX Panhandle, SW Kansas and Eastern Nebraska).
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Funds sellers of 21K, slightly higher support due to exports
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SA maps still look solid for rains in the 10 day
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Open interest continues to fall drastically
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Overnight reacting to slow BRA planting pace and may be looking for new China buying
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