Mixed reaction to Putin comments. September 27, 2022
We hesitate to call today's slightly higher close as being neutral or positive. December traded as much as 11 3/4 cents higher for the day at one point before settling back near the day's lows. Putin's referendum/nuclear threat game is a discussion point but the trade is not ready to fully believe it. New lows for the stock market re-directed the grain trade's interest back to the recession threat. New crop corn demand concerns remain. Wildcards are still ahead with Friday's Grain Stocks and the Argentine planting situation.
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