Grains supported by a short covering rally in wheat, but wheat is off its highs with conflicting reports on whether or not Russia will temporarily ban exports. Hogs and live cattle are also seeing a short covering bounce, but is this bottoming action? Mike Zuzulo, Global Commodity Analytics has analysis.
Grains Higher Led by Short Covering Rally in Wheat Amid Conflicting Reports on Russia Export Ban: Live Cattle and Hogs Also Bounce
Grains up led by a short covering rally in wheat, amid conflicting reports on a Russia export ban. Hogs and live cattle see short covering but is this bottoming action? We ask Mike Zuzulo, Global Commodity Analytics.
March 24, 2023 11:29 AM
Related Stories
Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
Read Next
Some of the easier entry points for corn and soybean farmers looking to capture higher returns can deliver $200 or more per acre.
