Grains mostly higher with report positioning and spillover from a friendly CPI number, which is supporting the outside markets with crude oil higher and the dollar lower. That is also helping the hogs and live cattle are making new highs again. Allison Thompson, The Money Farm, has details and what to expect and look for in today’s WASDE.
Grain and Livestock Futures Mostly Higher on Report Positioning and Support from Friendly CPI Data
Grains mostly higher with report positioning & spillover from friendly CPI data. That’s supporting hogs and live cattle are making new highs. Allison Thompson, The Money Farm, has details and a preview of the WASDE.
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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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