Corn higher for the 5th day with short cover, a weaker dollar and better exports, while soybeans are back below $13 with talk of China cancellations, lower bean oil and after failing to close above the 100 day MA. Cattle see a nice technical bounce with hogs firm ahead of Hogs and Pigs Report and expected contraction. Mike Minor, Professional Ag Marketing has more.
Corn Higher for 5th Day, Soybeans Below $13 on China Cancellation Talk: Cattle See Technical Bounce, With Hogs Firm Pre-Report
Corn higher with exports, soybeans below $13 on talk of China cancellations. Cattle see a technical bounce with hogs firm ahead of Hogs and Pigs Report. Mike Minor, Professional Ag Marketing has more.
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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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