Grains higher except old crop corn. Gains in soybeans, meal and wheat mostly short covering end of quarter and ahead of USDA’s data dump. Corn saw spread unwinding. Live cattle traded 2-sided but ended slightly higher waiting for higher cash, while hogs saw profit taking. John Heinberg of Total Farm Marketing has details.
Grains End Mostly Higher as Beans and Meal Lead on Short Covering: Live Cattle Firm with Profit Taking in Hogs
Gains in beans, meal and wheat mostly short covering end of quarter ahead of USDA’s data dump. Live cattle slightly higher awaiting higher cash, hogs saw profit taking. John Heinberg, Total Farm Marketing has more.
March 28, 2023 02:04 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.
