Grains all turn higher on weather and technicals, plus soybeans supported by the possible strike in Argentina & NOPA crush. Cattle rebound with higher boxed beef and cash ideas, with short covering in hogs. DuWayne Bosse of Bolt Marketing explains.
Grains All Higher on Weather, Argentina Strike, Technicals: Cattle Resume Rally on Higher Cash Ideas with Short Covering in Hogs
Grains all higher on weather and technicals, plus soybeans eye a strike in Argentina & NOPA crush. Cattle bounce on higher beef and cash ideas, with short covering in hogs. DuWayne Bosse of Bolt Marketing explains.
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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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