Cattle rebound after a lower day Monday, but will they negate the possible key reversal, and will cash be higher again? Nearby hogs continue to see fund selling. Profit taking and a change in weather pressure corn and beans. More with Brad Kooima of Kooima Kooima Varilek.
Cattle Rebound, Will They Negate Monday’s Reversal? Corn and Beans Set Back on Profit Taking and Weather, Even with Higher Wheat
Cattle bounce but will they negate the reversal, and will cash be higher again? Hogs mixed. Profit taking and a change in weather pressure corn and beans. Brad Kooima of Kooima Kooima Varilek.
April 04, 2023 09:20 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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