Row crops end higher on weather and crop ratings, but geopolitical headlines and WASDE positioning were also factors. Live cattle make all-time highs again with futures at a discount to record cash, hogs have recovered off recent contract lows but how much upside is left? Brian Grete, Pro Farmer covers it all.
Grains End Higher Except Wheat Trading Weather & Crop Ratings, WASDE: Live Cattle Hit All-Time Highs Chasing Record Cash
Grains higher except wheat trading weather, crop ratings, WASDE. Live cattle hit all-time highs chasing record cash, hogs continue to recover but how much upside is left? Brian Grete, Pro Farmer.
June 06, 2023 10:09 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.
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