Thursday, January 27, 2022 9:12AM CST
The possible invasion of the 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.