Grains end lower on improved weather, profit taking after hitting resistance and ahead of the 3-day holiday and the next WASDE. Live cattle rebound with higher beef prices and higher cash bids in the South, but will the recovery continue after the key reversal? Naomi Blohm of Total Farm Marketing has insight.
Grains Close Lower on Improved Weather and Profit Taking: Live Cattle Rebound After Key Reversal Monday
Grains end lower on improved weather and profit taking ahead of the 3-day holiday and the next WASDE. Live cattle rebound with higher beef prices, but will the recovery continue? Naomi Blohm of Total Farm Marketing.
April 05, 2023 03:12 PM
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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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