Corn is lower this morning with a more favorable forecast, but is also following mostly lower wheat and both are seeing report positioning. Soybeans are up with a 7.2 mb export sale and higher bean oil. Cattle and hogs try to stabilize after a couple of days of profit taking, but where do they go from here? DuWayne Bosse, Bolt Marketing has more.
Corn, Wheat Mostly Lower on Weather, WASDE, Soybeans Up on Export Sale, Bean Oil: Livestock Bounce After Profit Taking
Corn and wheat mostly lower, on weather, report positioning. Soybeans up with an export sale & higher bean oil. Cattle and hogs try to stabilize after a two days of profit taking. DuWayne Bosse, Bolt Marketing.
June 09, 2023 09:24 AM
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
New state restrictions and a proposed AFIDA overhaul could reshape land deals, reporting, and due diligence for farmers.
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.
