Thursday, January 27, 2022 5:19PM CST
January's Tonga volcano eruption calls to mind the effect of 1991's Mount Pinatubo blow-up on U.S. crop weather. Could ash and particulates from the latest volcano be far-reaching enough to affect the global climate and, in turn, possibly the upcoming growing season for U.S. agriculture?
Thursday, January 27, 2022 3:22PM CST
The possible invasion of Ukraine by Russia would certainly affect the global fertilizer market. The exact effects are unknown, but one thing is certain -- escalation of this latest geopolitical row would not help historically high fertilizer to decline.
March corn was down 3/4 cent, March soybeans were up 3 1/2 cents and March KC wheat was down 2 cents.
Wednesday was the day for cattle futures to shine -- not hog futures. Much of the trade in both markets seemed to be technically driven. Cattle needed to bounce and hogs needed to take a breather. Support was not received from cash in either market.