Funds Buy and Push Grains Higher Trading Weather, Crop Ratings, Rally in Soy Products: Cattle Consolidate with Higher Corn

Grains up on fund buying, putting in weather premium w/drop in crop ratings, but soy products are also pushing beans. Cattle consolidate w/higher corn, hogs mixed. Tomm Pfitzenmaier, Summit Commodity Brokerage.

Grains are higher on fund buying and putting in weather premium on dry forecasts, drop in crop ratings, but soy products are also pushing soybeans. Cattle consolidate with higher corn, hogs mixed. Tomm Pfitzenmaier, Summit Commodity Brokerage 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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