Grains mixed before the reports but what was the market already telling us about what’s likely in the USDA numbers? We’re also seeing end of quarter profit taking in many markets including crude oil and the equities. Cattle hit more contract highs with higher cash, can it keep going? Hogs working in the report numbers but its also end of quarter. Darin Newsom with Barchart has details.
Grains and Hogs 2-Sided End of Quarter, Ahead of Reports: New Contract Highs in Cattle
Grains 2-sided of quarter and before the reports but what was the market already telling us about the UDSA numbers? Cattle hit more contract highs with higher cash, can it keep going? Darin Newsom, Barchart.
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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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