Grains are mixed early with corn and new crop soybeans getting support from dry weather and ideas of lower crop ratings. Wheat mixed. Live cattle see some short covering and with strong beef values with feeders down on higher corn and technical buying in hogs after a higher weekly close and stronger cash. Kent Beadle, Paradigm Futures.
Corn and New Crop Soybeans Put in Weather Premium, Wheat Mixed: Cattle and Hogs Watch Corn and Cash
Corn and new crop soybeans up on dry weather and ideas of lower crop ratings. Wheat mixed on spreads. Live cattle see short covering w/strong beef values and cash pushes hogs. Kent Beadle, Paradigm Futures.
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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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