Corn and wheat see a technical bounce with help from 8.3 mb of corn sold to Mexico. Soybeans make new lows for the move on harvest pressure. A government shutdown was averted which is also helping markets, especially cattle. Randy Martinson, Martinson Ag has details.
Corn and Wheat See Corrective Buying, Soybeans Lower on Harvest Pressure: Markets Calmer as Govt. Shutdown Averted, Including Cattle
Corn & wheat see a corrective bounce, while soybeans are down on harvest pressure. A government shutdown was averted which is also helping markets, especially cattle. Randy Martinson, Martinson Ag has details.
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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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