Early Strength in Grains and Livestock: Technical Buying in Grains with Drier Argentina Weather, Strong Corn Exports

Grain and livestock futures see early strength. Technical buying in grains, drier weather in Argentina and strong corn exports. Cash grain prices holding strong according to Nick Tsoilis with The Farmer’s Keeper.

Grain and livestock futures seeing some early strength. Grains see technical buying, with weather back drier in Argentina and strong corn exports. Cash grain prices holding strong according to Nick Tsoilis with The Farmer’s Keeper.

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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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