AgDay TV Markets Now: Chip Nellinger, Blue Reef Agri-Marketing says grains higher on technical buying and put in weather premium, while cattle hit contract highs with sharply higher cash.
AgDay TV Markets Now: Chip Nellinger Says Grains Put in Weather Premium, While Cash Pushes Cattle Into New Highs
AgDay TV Markets Now: Chip Nellinger, Blue Reef Agri-Marketing says grains higher on technical buying and put in weather premium, while cattle hit contract highs with sharply higher cash.
June 02, 2023 12:25 AM
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Garrett Toay with AgTraderTalk says after the big rally to start the week the grain markets saw some profit taking and corrective selling.
DuWayne Bosse of Bolt Marketing says the wheat market was trying to extend gains early Thursday but may be getting close to pricing the Black Sea export disruptions in.
Oliver Sloup Blue Line Futures, says wheat prices skyrocketed adding risk premium on concerns about the escalating Black Sea war and the disruptions it is causing in the export market. It could have more upside left.
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