Corn and wheat see technical selling with poor demand and ahead of the WASDE. Soybeans firm after holding support and with China biz. Cattle up following higher beef values and cash ideas, hogs fall with cash index. DuWayne Bosse Bolt Marketing has more.
Corn and Wheat Lower Ahead of Report, Soybeans Hold Gains with China Biz: Cattle Supported by Higher Beef Values, Hogs Fail
Corn and wheat ahead of the WASDE. Soybeans firm after holding support and with China biz. Cattle follow higher beef values and cash ideas, hogs fall with cash index. DuWayne Bosse Bolt Marketing has more.
August 09, 2023 11:56 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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