Grains end mixed with funds covering shorts in corn and beans but selling in wheat. Cattle futures supported by higher cash but can the momentum continue? Michelle Rook w/Oliver Sloup of Blue Line Futures.
Corn, Soybeans and Cattle Finish Higher: Funds Sell Wheat and Hogs
Grains end mixed with funds covering shorts in corn and beans but selling in wheat. Cattle futures supported by higher cash but will it continue? Hogs lower. Michelle Rook w/Oliver Sloup of Blue Line Futures.
November 18, 2022 02:08 PM
Related Stories
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.
Read Next
Was Ron Fode’s real crime saving his crops? “The state tried to bury us, but the truth is hard to hide,” he says.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
