Grains End Mostly Higher with Dollar Plunge and Black Sea Export Concerns: Livestock See More Technical Selling

Grains end mostly higher with wheat leading with lower dollar and Black Sea export concerns. Livestock futures saw more technical selling. Michelle Rook talks with Chip Nellinger of Blue Reef Agri-Marketing.

Grains end mostly higher with wheat leading as dollar reverses lower and crude oil rallies, Black Sea export concerns were also supportive. Livestock futures continued to see technical selling and ended mostly lower. Michelle Rook talks with Chip Nellinger of Blue Reef Agri-Marketing.

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Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
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