USDA’s WASDE, rising inflation and weather compete for attention. June 10, 2022
Gains of 46 1/4 and 30 1/2 cents were noted this week for old and new. The return of a little weather premium did help but this market has not been able to hold the 50% mark of that recent downtrend. USDA's report today verified some of our concerns over old crop demand and a higher Ukraine crop.
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