Grains trade higher continuing to work in USDA Report numbers, the weather and higher crude oil with possible OPEC production cuts. Live cattle higher again after new contract highs Friday but feeders see profit taking with higher corn and hogs are also back lower. Allison Thompson with The Money Farm has analysis.
Grains Higher Still Working in Report Numbers, Weather and Higher Crude Oil: Live Cattle Extend Gains
Grains higher continuing to work in USDA Reports, weather & higher crude oil with possible OPEC production cuts. Live cattle up again after new highs Friday. Allison Thompson with The Money Farm has analysis.
April 03, 2023 09:04 AM
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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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