Grain and Livestock Futures Mostly Higher Midday: What’s Behind the Rally?

Grain and livestock futures are mostly higher midday with weather, end of year positioning and light holiday trade all contributing to the rally. Chip Nellinger of Blue Reef Agri-Marketing has more.

Grain and livestock futures are mostly higher midday with weather, end of year positioning and light holiday trade all contributing to the rally. Chip Nellinger of Blue Reef Agri-Marketing has more.

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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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