Grains end mostly higher Monday on weather and technical buying heading into the WASDE. Cattle futures make more new contract highs on record high cash and the tightest numbers are yet to come. DuWayne Bosse of Bolt Marketing has more.
Grains Higher Except Soybeans Trading Weather and WASDE: Contract Highs in Cattle After Record Cash
Grains end mostly higher Monday on weather and technical buying heading into the WASDE. Cattle futures make more new contract highs on record high cash but is the top in sight? DuWayne Bosse of Bolt Marketing.
April 10, 2023 02:14 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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