Cattle try to recover after new lows yesterday. Is a bottom close? Meanwhile hogs fall back on cattle/hog spreads. Corn and soybeans follow wheat higher with another 7.3 mb sale of SRW to China. Brad Kooima, Kooima Kooima Varilek, has more.
Cattle Trying to Bottom, While Hogs Fall on Spreads: More China SRW Wheat Biz Pulls Grain Complex Up
Cattle try to recover after new lows yesterday. Is a bottom close? Meanwhile hogs fall on cattle/hog spreads. Row crops follow wheat higher on more SRW sales to China. Brad Kooima, Kooima Kooima Varilek, has more.
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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.
Kevin Duling with KD Investors says corn and soybeans eased with a 1% improvement in ratings, while the weather is moderating.
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