Grains mostly higher on light holiday trade on follow through technical buying, higher crude oil and export news. Cattle opened higher working in the sharply higher cash on Wednesday, then turned lower when corn rallied. Hogs are down following lower cash and cutouts and despite decent exports. Michelle Rook has an update.
Grains Higher on Light Technical Buying, Higher CO, Exports: Cattle See Pressure From Corn
Grains mostly higher on light holiday trade on follow through technical buying, higher crude oil and export news. Cattle lower with higher corn. Hogs are down with lower cash & cutouts. Michelle Rook has an update.
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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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