Weekly grain report

Byron Behne watches the grain markets for the Odessa Union Warehouse.

4/24/12: Grain futures started well but couldn’t hold their gains in wheat and corn which both closed in the red in Chicago. Soybeans rallied and traded at the highest levels since 2008 on further production cuts in Argentina. Wheat and corn may have gotten caught in the downdraft coming from the cattle market, as futures in that market were limit down on news of a case of mad cow in California. The affected cow was a dairy cow and did not enter the food chain, so perhaps things will recover a bit tomorrow. There was confirm...