Corn and soybeans close lower trading extended weather, WASDE, exports, outside markets. Wheat supported by short covering and putting in some war premium. Cotton lower but still in its trading range, while cattle take out April highs after record cash last week. Shawn Hackett of Hackett Financial Advisors has details.
Corn, Beans, Cotton Lower on Weather, WASDE, Exports: Cattle Take Out April Highs on Record Cash
Corn, beans, cotton lower trading weather, WASDE, exports, outside markets. Wheat higher on short covering. While cattle hit new highs w/record cash. Shawn Hackett, Hackett Financial Advisors has more.
June 05, 2023 02:27 PM
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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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