Grains still higher at midday but row crops are off session highs with some profit taking after running into chart resistance and going into a holiday, but still supported by Brazil weather. Cattle see fund selling. Allison Thompson, The Money Farm, has more.
Grains Higher on SA Weather but Off Highs on Profit Taking: More Fund Selling in Cattle
Grains still higher but row crops off session highs w/some profit taking after running into chart resistance, but still supported by Brazil weather. Cattle see fund selling. Allison Thompson, The Money Farm, has more.
Related Stories
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.
Wheat futures were up 30 to 35 cents early Wednesday adding risk premium as Russia and Ukraine attacks have escalated says Jamie Gieseke with Paradigm Futures.
Rich Nelson, chief strategist for Allendale says row crops are pausing right now until the weather story is really decided, while wheat is concerned about rising tensions in the Black Sea region.
Read Next
Penfield, Illinois auction delivers record sales while nearly-new 8R 370s fetch $385K at separate Missouri sale.
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.
