AgDay TV Markets Now: Shawn Hackett Explains Why Row Crops Were Up Friday but Can’t Sustain Longer Rallies

AgDay TV Markets Now: Shawn Hackett, Hackett Financial Advisors, says soybeans rally with meal and talk of China sales and corn tries to follow. However, both markets have had difficulty sustaining rallies. Why?

AgDay TV Markets Now: Shawn Hackett, Hackett Financial Advisors, says soybeans rally with meal and talk of China sales and corn tries to follow. However, both markets have had difficulty sustaining rallies. So why are those markets continuing to trade sideways?

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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.
Wheat futures were up 30 to 35 cents early Wednesday adding risk premium as Russia and Ukraine attacks have escalated says Jamie Gieseke with Paradigm Futures.
Rich Nelson, chief strategist for Allendale says row crops are pausing right now until the weather story is really decided, while wheat is concerned about rising tensions in the Black Sea region.
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