Grain markets end mostly higher Friday on end of month profit taking but post lower weekly closes. Is the fund/technical selling over? Cattle consolidate but held up well with some weaker cash on a limited test. Are hogs bottoming? Bryan Doherty @TotalFarmMktg has more.
Grains End Mostly Higher After A Tough Week but are Funds Done Selling? Cattle Consolidate with Weaker Cash, With Hogs Higher
Grain markets end mostly higher Friday on end of month profit taking. Is the fund selling over? Cattle consolidate with weaker cash. Are hogs bottoming? Bryan Doherty @TotalFarmMktg has more.
April 28, 2023 02:21 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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