Cattle seeing some profit taking, but is it just a healthy correction? And will cash cattle continue to move higher this week. Hogs supported by ASF in Hong Kong. Meanwhile soybeans and meal are consolidating, is the bullish SA news dialed into prices? Brad Kooima of Kooima Kooima Varilek has the answers.
Cattle See Corrective Selling, While ASF News Supports Hogs: Soybeans and Meal Consolidate
Profit taking in cattle, but is it just a healthy correction and will cash be higher this week? Hogs supported by ASF concerns. Soybeans and meal consolidate. Brad Kooima of Kooima Kooima Varilek has more.
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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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