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FBN’s Jeff Flock talks to Linn Group Research Director Jerrod Kitt about the outlook for soybeans, corn and wheat.
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Markets Jeff Flock is at the CME to -- -- believe he's on the floor of the New York Stock Exchange just some interesting behavior.
With some of the things that trade down there at the CME.
If you -- -- see action today you wanna see profits being made walks into the green room here at the CME today because this is where profits were taken today -- -- chair kit.
-- Linn group which -- this is -- the after session.
And today we saw selloff in corn beans and -- why.
Long Justin wanted -- just in wanna hold seven dollar corn going into the weekend there's a little bit improvement terms of the weather picture that's probably gonna help beans more corn at this point to -- to look at corn first to protect a look at the -- It you say it's gonna help teens more than corn because scorned as we saw yesterday -- -- -- farm -- it's already -- Exactly were well ahead of normal in terms of pollination and that's really a lot of that is beyond repair and moved to the -- chart and we see that you think there's a lot more room for growth on beans if as we get -- -- next week.
In the long term yes.
In the near term that -- With a -- a little bit mixed we connect some improvements but the demand picture is a lot more solid in -- that is in court.
And why we -- run up in wheat even though -- totally different crop totally different harvest time that's already and the what are we can do -- -- run -- in -- even today we saw a downturn.
You can see production problems -- -- around the world the FS you would get -- taken the edge off the Ukrainian Russian crops and on top of that to a certain extent we discord you're feeding a lot of stuff Chicago -- as -- I was gonna say a lot of folks now can't afford -- gonna go ahead and go for week.
As we said Liz this is a place for the profits were taken today when you see a decline in a market on one day.
Somebody just pocketed some change -- pay its next -- -- Bhutto is a good day when we can mention the Ukraine that crops I love that stuff.
What I want to show our viewers the one week picture of corn to show that several days we got limit up limit up limit up.
And then as you see today down three and a quarter percent so.
Big fall today compared to the big moves earlier this week that Jeff has been covering from everywhere all the important areas not just.
The floor the air condition floor that the.
