Grains quiet and 2-sided looking for direction but brushing off the negative outside markets. A drop in Argentina crop ratings and corn export biz lightly supportive. Cattle continue to consolidate and trade 2-sided despite bullish news. Kent Beadle of Paradigm Futures has more. Kent Beadle of Paradigm Futures has more.
Grains 2-Sided in Quiet Session but Shake Off Bearsh Outside Markets: Cattle 2-Sided in Face of Bullish News
Grains quiet and 2-sided looking for direction but brushing off the negative outside markets. Cattle continue to consolidate. Kent Beadle of Paradigm Futures has more. Kent Beadle of Paradigm Futures 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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