Spectrum Commodities Wheat & Cattle Markets Analysis

Wheat higher on lack of agreement for Black Sea export corridor; Algeria buys option-origin wheat; requests for waivers from bio-fuel blend obligation starting up again; cattle futures mixed; cash trade still quiet; boxed beef lower on light volume; cash feeders higher.

Soybeans and corn sharply higher following Supply/Demand report; report summary; no word on export corridor for Black Sea; cattle futures higher; no cash reports; boxed beef mixed; cash feeders lower; beef supply/demand summary.

Grains mixed as they wait for today's Supply/Demand report and results from tri-lateral talks between Ukraine/Russia/US; USDA issues early baseline projections for '27/28; crop progress and conditions; cattle futures gap higher; cash declines further; boxed beef firm on light volume; cash feeders higher; weekly cash beef summary.

Wheat continues to slip on increasing likelihood of re-opening the Black Sea corridor; Supply/Demand report Tuesday; more rains headed for US southwest/plains; large traders continue aggressive selling into commercial hands; cattle futures had a rough week; cash markets stay under pressure; boxed beef mixed and cash feeders weaker; significant uptick in New World Screwworm ca...

Grain space continues under pressure, wheat sensing potential truce between Ukraine and Russia, corn and beans bracing for bearish data from USDA; grains saw solid export sales; cattle futures weaker again; cash stays lower for the week; boxed beef lower; cash feeders lower; export sales steady with last week.