Cattle mostly higher on lower corn and steady cash, hogs mixed on better China news but disappointing exports. Grains start lower with slow weekly exports, some profit taking in beans and wheat and soybean oil is a big drag on talk of disappointing RFS biodiesel levels. Scott Varilek of Kooima Kooima Varilek has analysis.
Cattle & Hogs Mostly Higher on Follow Through Buying, Lower Corn: Grains Lower on Slow Exports, Sell off in Bean Oil
Cattle mostly higher with steady cash, hogs mixed with disappointing exports. Grains start lower with slow exports and sharply lower BO. Scott Varilek of Kooima Kooima Varilek has analysis.
December 01, 2022 09:25 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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