Corn and wheat are mostly lower on spreads and profit taking, despite cold temps this weekend and concerns about Black Sea exports. Soybeans supported by tight supplies and the Argentina grain inspectors strike. Cattle higher with ideas of higher cash this week. Crude oil, metals and the dollar have all had big moves, will that continue? Kevin Duling of KD Investors explains.
Corn and Wheat Mostly Lower on Spreads & Profit Taking, Argentina Strike Support Beans: Cattle Up with Higher Cash Ideas
Wheat and corn mostly lower on spreads & profit taking, despite cold weekend temps. Soybeans up on Argentina strike. Cattle rebound on higher cash ideas. Kevin Duling, KD Investors explains.
April 17, 2023 10:56 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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