Grains ended mixed with the lower dollar providing support as well as higher energy prices lifting soybean oil and soybeans. Cattle and hogs were mostly higher with strong cash, but trading within recent highs. Michelle Rook gets insight from Bryan Doherty of Total Farm Marketing.
Grains End Mixed with Lower Dollar, Higher Energy Prices Supportive: Livestock Mostly Higher Pushed by Cash
Grains ended mixed with a lower dollar and higher energies providing support. Livestock mostly higher with strong cash but traded within recent highs. Michelle Rook talks to Bryan Doherty, Total Farm Marketing.
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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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