Grains close mostly higher Friday and for the week shaking off the bearish WASDE, so what is it saying about the market? Focus on weather, yield, Black Sea Grain Deal and falling dollar. Live cattle rebound into new contract highs with higher cash @ $290-$292/$186 in the north, hogs consolidate. Jim McCormick, AgMarket.Net has more.
Grains Close Higher for Week After Bearish WASDE Trade Weather, Yield, Grain Deal: Live Cattle Rebound to Contract Highs
Grains higher for the week shaking off the bearish WASDE. Focus on weather, yield, Black Sea Grain Deal and falling dollar. Live cattle rebound into new contract highs, hogs consolidate. Jim McCormick, AgMarket.Net.
July 14, 2023 02:40 PM
Related Stories
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.
Read Next
Was Ron Fode’s real crime saving his crops? “The state tried to bury us, but the truth is hard to hide,” he says.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
